USD/JPY Discussion

Quick Analysis:

1. Price is currently around 148.81.
2. There’s been a strong bullish move since July 3, with a clear breakout above the 148.00 level.
3. The most recent candles show a pause or slight rejection near 149.00, which could act as short-term resistance.
4. Momentum is still bullish, but you’re getting a possible wick at the top, so buyers are hitting some profit-taking or resistance.

What this means:

1. Trend is strong to the upside (bullish).
2. If you’re looking for a trade, buying pullbacks toward 148.00–148.20 might be safer, as long as price stays above that level.
3. A break and close above 149.00 opens up higher targets, but if you see strong rejection at 149.00, it could trigger a short-term pullback.

USD/JPY 1H Trade Setup (as of latest chart)
Market Structure:

1. Uptrend remains strong, but price just did a wicked stop hunt down to ~147.50 and immediately reversed.
2. Price is now recovering above 148.40, showing bulls still have juice.
3. Key levels: 147.80–148.00 (strong support), 149.00 (resistance).

BULLISH SETUP (Preferred for Now)
Entry:

1. Buy limit at 148.15–148.25
   (Wait for a minor pullback—don’t FOMO in at the top of a green candle)

Stop Loss:

1. Place stop loss just below the swing low, 147.45
   (Keeps you safe if volatility spikes again)

Take Profit:

1. First TP: 148.90 (near resistance)
2. Final TP: 149.10–149.25 (If price breaks out, trail your stop and let it ride as far as momentum goes)

Risk/Reward:

1. This setup gives you at least 1:2 R/R, clean and simple.

BEARISH ALTERNATIVE (Only if market changes):

1. If price drops and closes below 147.40 on the 1H chart, consider a short entry targeting 146.50–146.20.
2. Stop loss above 147.80 in that case.

How to Play It Like a Pro:

1. Wait for price to pull back—never chase a move after a huge wick.
2. Size your position based on your account and comfort. Don’t over-leverage.
3. Let the market show you confirmation (bullish candle or rejection at 148.15–148.25 zone).

hi thoah,

such a noce spot for short.

how did you able to spot it , are you using murrey levels for that ?

OAPDave shared here:

https://www.forexfactory.com/thread/...9#post14376699

So we can sell , please reply.

My template setting

I entry based on my personal feelings.
I don't follow any method. I'm still learning.

you are one good trader!

I can't wait too long. I always want to entry.
So i don't follow any method.
So i still lose a lot.

Hello everyone! The USDJPY price continues to move towards the upward trend formed on the H4 timeframe. At the same time, there was a breakout and consolidation of the price above the level of 148.26. The target for further bullish movement may be the resistance level of 149.35.