JPY pairs Weekly Outlook and Trade Setups

Yeah. Another Long Opportunity presents itself o USDJPY ahead of next week.
Entry:156.65
SL: 155.98

Trade Approach: with the invalidation of the 1hr trend resistance, I'll be expecting next week to start with sells dropping for a retest of the trendline as a support which rhymes with the internal level 156.30
Once price respects that level and trades above my POI then I'll join the buys, targeting the next key level at 159.03.

USDJPY- Market Review (October 2026)
From the monthly timeframe, Last month closed bearish at 157.419 price level with the monthly low at 152.88 price level, rejecting sharply from the Major trend support.
I'm expecting the new month to start with sells this week down to the support level at 155.23 for a rebound, presenting a long opportunity.
Buy Interest Zone: 155.23
Invalidation Level: 151.92

I'll be looking out for buys when price gets to my Buy interest zone, and if price breaks below my invalidation, then I'll expect long term sells, but I doubt price will do that this month.

From the Weekly Timeframe, Price has formed a weekly Bearish channel. This creates the weekly bias. Without invalidation of this channel, Buys on Lower timeframe is best to be treated as intraday and not swing trades.
Also, last week closed bullish, but weak because it didn't trade above the previous week's high, but lower, before buyers regained dominance and rallied price but the strength was not enough to rally price above previous week's high.
I'm expecting the new week to start with sells, declining to the monthly Support zone at 155.23 before strong rally kicks in.

On the Daily Timeframe, the weekly bearish bias is clearer and more visible on the D1 showing the daily bias is aligned with the weekly.
But Here on the D1, there's an internal support level at 157.000 that acts as a barrier, restricting price from trading lower this week. I'll be watching out keenly on price reaction at this level next week. A break below will present a sell opportunity down to 155.000.

I took a quick buy on GBPJPY
Entry: 209.326
Exit: 209.486
Result: Profit
Reason: I Spotted a breakout on 4hr above yesterday's high. then I entered on the retest of the high. I had intended the trade to be intraday, but I closed out because it was close to a supply zone.
I'll be following it up, for more long opportunities.

This was a very good observation, you should be in profit now price continued after breaking above yesterday high at 209.304 level running above it

AUDJPY Trade Setup
Trade Type: Long
Entry: 110.59
SL:108.97

AUDJPY: Trade Idea/Approach
Price invalidated the bearish down trend channel, and closed last week with a bullish Engulf on a Key support level (109.68) on the daily, signalling potential rallies and more upside this week.
I'm position for long.
Entry: 110.59
SL: 108.97

Am not buying immediately because price broke above a key level last week from my chart, there is an unmitigated fvg which I have mark out with that box, am waiting for price at that level

Your buys are too early, price may revisit the demand level and then buy from there

I'll be following up on all the JPYs this week, for bullish opportunities.

Yeah. I noticed that.
I executed when I was looking at the D1. But My risk is low, so I'll just hold. If it pulls down, I'll just add a position and follow it back up.
Looking at the extra position from your Entry zone: 110.30, with SL at 108.97.

GBPJPY- Trade Setup
Entry: 209.921
SL: 207.245
TP: 214.741
Execution: Instant

GBPJPY-Trade Idea/Approach
my Entry was a bit too early, because I was supposed to wait for an upside break above 209.98 internal resistance level. Then pick my buy entries on the retest of the zone as a support, but I agitated and jumped in after the New 4hr candle was looking bullish.

However, I'll be holding the position in case it pulls down, since I kept my risk low. I'll watching if there'll be need to add position at the 208.013 with SL at 206.885

That's okay, but I will take trade little below that level

But you would have waited for the break above the level it gives more confirmation and confidence

USDJPY- Trade Setup
Type: Long
Entry: 158.366
SL: 156.296
TP: 163.729

Good execution securing profit on USDJPY. The key is whether price is still respecting the original structure, consider partial profits and trail the stop behind confirmed swing lows to protect gains without cutting the trade short.

USDJPY-Trade Idea/Approach
I went long on USDJPY, when I spotted a daily engulf on the trend support that confluences with a key level price respected as horizontal support signalling bullish continuations.
Then I executed two positions in the morning and still holding it.
Entry: 158.45
SL: 156.28

The daily engulfing candle at trend support gives the long setup a solid technical basis. watch for price to hold above 158.45 and form higher lows; a break below key support would weaken the bullish continuation outlook.