Attachments: USD/JPY Discussion

USD/JPY Discussion

#90,601
Jul 10, 2025 1:53pm Jul 10, 2025 1:53pm

bucko23
| Joined Jun 2023 | Status: Trader | 113 Posts

Quoting Nazzcus

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{quote} Im new to this thread but been trading a long time, tired of trying to trade with the bots on EUR/USD. I agree with your assessment. In fact short from 146.418 looking at 145.8 area for TP but may stall out around 146.1. Also, on your H4 chart you can see the bearish setup. The correlation for the pair in fact does not track well with other crosses but it does correlate well with DXY. DXY had a strong run this AM and usually falls off toward market close when this happens. Again, just my opinion.

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Thank you Nazzcus for your feedback and assessment. I hadn't identifed the US index correlation. Appreciate.
Lets see how this plays out ...

Also a bot on Gold (or AUD/USD) might be better .. these tend to respect trend more.

#90,602
Jul 10, 2025 9:16pm Jul 10, 2025 9:16pm

ThaoAnh
Joined Jun 2024 | Status: Still Learning | 2,833 Posts

Quoting ThaoAnh

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{image}

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#90,603
Jul 11, 2025 2:12am Jul 11, 2025 2:12am

ArasOrekci
| Joined Jul 2025 | Status: Trader | 2 Posts

Quoting ArasOrekci

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#USDJPY Bias: Bullish Timeframe: Daily → H1 {image} {image}

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Trade successfully reached target!

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#90,604
Jul 11, 2025 7:00am Jul 11, 2025 7:00am

Suj
| Joined May 2017 | Status: Trader | 760 Posts

Quoting Sandy1994

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USD/JPY remains in a bullish trend on both 1H and 4H. Ideal entry is to buy the dip at 146.70–146.80 or on a confirmed breakout above 147.00. Entry: Buy on a clean 1H candle close above 147.00. Confirmation: The breakout should not be a single spike, but a strong bullish candle with volume or follow-through. Stop Loss: Place below the breakout candle or at 146.60. Take Profit: Next resistance area (147.30–147.50), consider trailing stop if it trends higher. {image}

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seems to be strong momentum up

#90,605
Jul 11, 2025 10:09am Jul 11, 2025 10:09am

bucko23
| Joined Jun 2023 | Status: Trader | 113 Posts

Quoting ArasOrekci

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{quote} Trade successfully reached target! {image}

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Great trade Aras! .. not what I was expecting .. but onto next one!

#90,606
Jul 11, 2025 9:09pm Jul 11, 2025 9:09pm

Sandy1994
Joined Mar 2024 | Status: Trader | 468 Posts

Daily Chart (D1):

The pair is in a clear uptrend, having broken out of a consolidation range in early July.
Price has made a higher low near 144.50 and is now pushing into the 147.40s.
The bullish momentum is strong as candles are closing near their highs, with little sign of reversal for now.
There is some resistance around 148.00 (previous highs from April), so watch for profit-taking or a short-term pullback near that level.
As long as price holds above 146.00–146.50, the trend remains bullish.

4-Hour Chart (H4):

The uptrend is confirmed on the 4H chart, with clean higher highs and higher lows.
After breaking through 146.00, price accelerated and is now consolidating just below 147.50.
Momentum remains bullish, and no bearish engulfing or reversal candle is currently visible.
Short-term support sits at 146.80 and stronger support near 146.00.
As long as price doesn’t close below 146.00 on the H4, dips may be bought into.

Key Levels & Scenario:

Immediate resistance: 147.50–148.00 (if broken, next target is 149.00+)
Support: 146.80, then 146.00 (and deeper at 145.00)
Entry Scenario: If price pulls back toward 146.80–146.50 and forms bullish rejection wicks or bullish engulfing, it could be considered a “sniper” buy entry with stops below 146.00 and targets at 148.00 and possibly 149.00.
Risk: A daily or 4H close below 146.00 would weaken the bullish bias and could open the way for a move down toward 145.00–144.50.

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#90,607
Jul 11, 2025 9:41pm Jul 11, 2025 9:41pm

Arain06
| Joined Jul 2025 | Status: Trader | 1 Post

Quoting pfernandez

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What do you think about this? USDJPY is trying to break the 38.6 level. Is it going for the 50% level? {image}

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if there is anyone who can help me please, i am new to trading and i want to learn more if there is anyone who can help me

#90,608
Jul 12, 2025 7:23am Jul 12, 2025 7:23am

Jaciel
| Joined Jul 2025 | Status: Full Time Trader | 16 Posts

USD/JPY remains volatile, with the pair bouncing between 147.00 and 147.50. Recent hawkish Fed commentary supports the dollar, but Bank of Japan's dovish stance keeps the yen under pressure. Watch for key US economic data and BoJ updates. How are you positioning yourself in this pair?

#90,609
Jul 12, 2025 7:56am Jul 12, 2025 7:56am

arifchw
Joined Feb 2025 | Status: Trader | 427 Posts

Analysis: Based on the standard indicators, the USDJPY daily chart is showing a strong bullish bias. The Moving Average (MA) analysis points to a Strong BUY with an 83% alignment, while the Relative Strength Index (RSI) is also in a BUY state. The Average Directional Index (ADX), however, suggests the trend is currently Weak. The Stochastic and Commodity Channel Index (CCI) indicators show conflicting signals, with Stochastic indicating a SELL and CCI pointing to an Overbought condition, which may suggest a potential reversal or pullback could be due.

The overall sentiment is Strong BUY (40%), but the market is in a Weak Trend with Medium volatility.

The nearest support and resistance zones are high-quality, with the resistance zone at 148.020 - 147.493 and the support zone at 148.031 - 142.671. The Fibonacci analysis highlights a Golden Pocket for retracement at 145.759 - 145.948, which could be a key area if a pullback occurs. Currently, no Elliott Wave, Harmonic, or Candlestick patterns are active, but a Rising Wedge pattern is forming with a bearish bias and a Bull Flag pattern is pending a breakout, suggesting some potential for a future bearish movement.

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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 v4.89.zip 881 KB | 170 downloads

#90,610
Jul 12, 2025 9:56am Jul 12, 2025 9:56am

Roryfraser
| Joined Jul 2025 | Status: Professional Trader | 34 Posts

Quoting arifchw

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Analysis: Based on the standard indicators, the USDJPY daily chart is showing a strong bullish bias. The Moving Average (MA) analysis points to a Strong BUY with an 83% alignment, while the Relative Strength Index (RSI) is also in a BUY state. The Average Directional Index (ADX), however, suggests the trend is currently Weak. The Stochastic and Commodity Channel Index (CCI) indicators show conflicting signals, with Stochastic indicating a SELL and CCI pointing to an Overbought condition, which may suggest a potential reversal or pullback could be...

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your dashboard is very attractive. best of luck

#90,611
Jul 12, 2025 10:32am Jul 12, 2025 10:32am

40k
| Additional Username | Joined Feb 2025 | 254 Posts

Trump is again on tweeting spree

#90,612
Jul 13, 2025 3:18pm Jul 13, 2025 3:18pm

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

The USDJPY price action on the daily time frame is bullish. However, it is tackling the 147.400 horizontal resistance. Recent technical prints favour a northward market engineering.

I may be wrong. Trade safe and prosper.

KP

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