USD/JPY Discussion

[quote=ThaoAnh;15473894]{quote} Closed..{image}[/quote

Nice!!!

Rinse and repeat
Day after Day
Solid Trading
Well Done

buy 154.88

what's your take on this pair. seems you on a long

looks like consolidation to start the morning....

I started thinking about short UJ

For me, UJ daily, If close below 154,13 then expect a quick drop to 151,85

This recent development is worth to follow closely.
https://www.cnbc.com/2025/11/18/toky...ravel-gdp.html

Normally, another reason for UJ bullishness , but Yen has some unique features like carry trade. Too much negativity sometimes trigger the run for cash by Japanese carry traders and, as a result, too much economical/political worries may cause also UJ quick drops.

I have still bullish bias at short term/long term, but better to trade with small sizes nowadays. Also NFP is coming on Thursday.

Despite the strong volatility and some potential bearish candles, the previous resistance turned into support held today around 155 zone.




As long as it makes higher highs and higher lows (we can exclude Friday's salto mortale caught by the safety net) the trend can't be deemed other then bullish.

The next obvious resistance I see is at 155.900 but I am keeping an eye on the 155.515 level also, as potential resistance.

To consider even a short term trend change to bearish, first, I would like to see the lower white trendline to break.

I am expecting this week to bring high volatility. If the economic and geopolitical data will be in DXY favour, I have the 156.750 -156.850 as target area.




There are multiple important levels converging there, so if price will reach it, I think it will be a very good place for a more consistent pullback/reversal.