USD/JPY Discussion

5 min chart for details after FED's news...rebound in progress

same chart H1 ...USDJPY up after touching diagonal of the square

helllo,

Whats the vwap indicator in second picture.

Analysis: On the H1 timeframe, the dashboard indicates a strong bullish bias. The Moving Averages show a "Very Strong BUY," while MACD, Stochastic, ADX, and CCI are all signaling "BUY." RSI, however, presents a "Weak BUY" signal. This suggests that while momentum is primarily upward, the Relative Strength Index might be indicating some minor overbought conditions or a slight weakening of the immediate buying pressure compared to other indicators.

Analyzing the "Overall" information, which aggregates data from M5, M30, and H1 timeframes, the USDJPY pair is rated as a "Strong BUY" (37%)". This reinforces the dominant bullish sentiment across shorter to medium-term perspectives, indicating a sustained upward trajectory.

The market condition for USDJPY on the H1 timeframe is currently identified as a "Weak Trend." This suggests that while the overall direction is bullish, the trend's strength is not robust, possibly implying price fluctuations within a broader upward movement. The nearest resistance is at 145.650 (115 pips away), and support is at 142.790 (245 pips away).

Currently, the "USDJPY Strategy Portfolio" indicates "Waiting for Signal" across Scalping, Daytrading, and Swing Trading strategies, meaning no immediate trade signals are active based on the dashboard's defined parameters.

Please note that this analysis relies exclusively on the provided dashboard data and is presented strictly for educational purposes.

That indicator was shared privately with me by a member. Openline-bbands

update H1 chart
note as different radius (upswing/downswing) gives different timing setup well in advance!!

Hello everyone! As I expected in the previous forecast, the price of USDJPY during the bullish movement reached the resistance level of 145.55 calculated by me, having made a false breakout. I am now considering sales from this level with the first target - the support level of 144.88.

Fakeout at 145.595 (weekly line) and then retracement to 145.347 (daily line). There I opened long. A little consolidation at weekly line again, now it seems price wants to move.
First TP at 145.770 (43pips)
SL 11pips already at 1:1

geometric update H1

Analysis: Based on the H4 USDJPY technical analysis dashboard, the current market sentiment shows mixed signals with a slight bullish bias. The Moving Averages indicate a strong BUY signal (100%), while MACD and Stochastic both display BUY conditions. However, ADX shows a weak BUY signal, RSI maintains a BUY stance, and CCI indicates an overbought condition, suggesting potential near-term consolidation or pullback risks.

The overall multi-timeframe analysis (M5, M30, H1) presents a BUY signal with 30% strength, indicating modest bullish momentum across shorter timeframes. This relatively low percentage suggests the upward movement may lack strong conviction and could face resistance.

The market structure reveals a weak trend environment, with key resistance identified at 146.2730 (39 pips) and support at 142.7790 (308 pips). The wide support-resistance range indicates a broader consolidation phase.

All three strategy portfolios (Scalping, Day trading, and Swing) are currently waiting for signals, suggesting the market is in a transitional phase requiring patience for clearer directional confirmation.

Disclaimer: This analysis is based solely on data from the provided dashboard and is intended for educational purposes only. Trading involves risk, and by following this analysis or its signals, you may incur financial losses. Please exercise caution and make your own informed trading decisions.

Attached File(s)

Technical Analysis Dashboard v4.24.zip   441 KB | 94 downloads

Hello sir I like ur style or trading
Will it be possible for u to Mentor me please