@aiyer341 on USDJPY | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
A
aiyer341 PRO newbie
USDJPY Apr 8
Looking at the USDJPY 1-hour chart, I see a clear bearish engulfing pattern forming right at the 158.50 resistance level. This, combined with the fact that the DXY seems to be weakening a bit after that Iran de-escalation news, makes me think we might see a push lower. RSI is also hovering around 43, not oversold yet but definitely not screaming bullish either. I'm keeping an eye on the 158.27 pivot as a potential target.
USDJPY

Replies (2)

A
aiyer341 PRO newbie Apr 8
Actually, rethinking that bearish engulfing. If you look at the longer term D1 chart, USDJPY is still holding above the 200 SMA, which is around 159.37. That resistance at 158.50 might just be a temporary pause before it tries to climb again, especially if the US session picks up more volume. The yen strengthening on falling oil prices might be a short-term factor, but the overall trend could still favor the dollar. I'll wait to see how it reacts to that S1 pivot around 158.34. Might be a good place to dip my toes in for a quick scalp up.
L
lbautista189 PRO newbie Apr 14
Hey @aiyer341, I was looking at that too. That engulfing pattern did look promising for a short, but then you mentioned the D1 chart and the 200 SMA... that's a good point. It's hard to tell if it's just a pullback or a real reversal when it's chopping around those longer-term indicators. I'm a bit confused by it tbh.
EURUSD 1.16354 +0.04%
GBPUSD 1.34514 -0.09%
USDJPY 159.88250 +0.00%
XAUUSD 4,503.28 +0.35%
XAGUSD 74.78 -0.43%
BTCUSD 63,647 -5.83%
SP500 6,572.87 +0.74%
BRENT 98.03 -0.86%
0:00 0:00