TradeCompass for Japanese Yen Futures (6J - March 2025 Contract) | January 23, 2025
Japanese Yen Futures Price Prediction and Analysis
At the time of this analysis, Japanese Yen Futures (6J, March 2025 contract) is trading at 0.0064270, apx at today’s VWAP and just below yesterday’s Point of Control (POC). This price has already triggered a long bias above 0.0064245, offering actionable insights for trade management. This guide includes a detailed price prediction, key levels, and targets for bullish and bearish scenarios.
Current Market Context for the Japanese Yen
The Japanese Yen Futures are showing low trading activity, resulting in narrower VWAP standard deviations that are expanding throughout the session. At present, the price is positioned for a bullish move, supported by its proximity to key levels such as the VWAP and POC.
Key Levels:
- VWAP: Price is slightly above today’s VWAP.
- POC: The price is just under the Point of Control (POC) from yesterday.
- Bias: Currently, the bias is bullish, as the price has already surpassed the critical level of 0.0064245.
Bullish Scenario: Japanese Yen Futures Long Setup
Entry Trigger:
- A long position has already been triggered above 0.0064245, confirming the bullish bias.
Stop Loss:
- Place your stop at 0.0064135, below:
- At the third lower standard deviation of today’s VWAP.
- The Value Area Low (VAL) of today and yesterday.
Profit Targets for Japanese Yen Futures Long Positions:
- 0.0064345 – Below the POC of January 15.
- 0.0064455 – Below the POC of January 17 and yesterday's VWAP.
- 0.0064565 – Below the Value Area High (VAH) of yesterday.
- 0.0064685 – Below the POC of January 21.
- 0.0064870 – Just under the VAH of January 21.
Bearish Contingency Plan: Japanese Yen Futures Short Setup
While the dominant bias is bullish, traders should remain prepared for potential bearish moves. A short trade becomes valid if the following conditions are met:
Entry Trigger:
- A 4-hour candle closes below 0.0064135.
Stop Loss:
- Move the stop loss to the entry price after the first target is hit.
Profit Targets for Japanese Yen Futures Short Positions:
- 0.0064085 – Above the VWAP of January 6.
- 0.0063995 – Above the VAH of January 7.
- 0.0063855 – Above the Value Area Low of January 7.
Key Insights for Japanese Yen Futures Traders
- Stop Adjustment: Once the first profit target is reached, adjust your stop loss to the entry price for risk-free trade management.
- Market Activity: The current trading range for Japanese Yen Futures is narrow but expanding as volume picks up. This dynamic should be considered when planning trades.
- Bias Overview: The bullish bias is currently stronger, supported by technical levels and VWAP positioning.
Why Trade Japanese Yen Futures Today?
Trading the Japanese Yen Futures (ticker: 6J) provides opportunities to capitalize on key levels such as the VWAP, Value Area High (VAH), and Point of Control (POC). Today's analysis offers actionable insights into bullish and bearish scenarios, equipping traders with clear profit targets and stop-loss levels
Disclaimer:
Trade the Japanese Yen at your own risk. This analysis is provided for informational purposes only and should not be construed as financial advice. Visit ForexLive.com for additional views.
►
Follow-Up: Japanese Yen Futures (TradeCompass Update)
The Japanese Yen Futures (6J, March 2025 contract) showed resilience so far, buyers obsorbing the recent decline as the Yen moved from slightly negative compared to yesterday's close to slightly positive territory. As per the TradeCompass, the long trade was triggered above 0.0064245, and we're pleased to report that it successfully hit the first profit nd quick target at 0.0064345, just below the Point of Control (POC) from January 15th. We have plenty of additional profit targets, as mentioned above. Let's see if we get to some/all of them. We just started :)
Taking a 1st quick profit highlights an essential part of the TradeCompass methodology: balancing risk mitigation with profit optimization. The approach emphasizes taking partial profits early to reduce risk while still keeping a portion of the position active for medium and distant-level targets. This strategy caters to both day traders, who seek intraday gains, and swing traders, who target broader price movements beyond the intraday session.
Typically, we recommend moving the stop to the entry price once the first profit target is reached. However, in this case, we will allow additional breathing room for the trade by waiting for the second profit target at 0.0064455 to be reached before adjusting the stop loss. This decision reflects the possibility of the Japanese Yen Futures building a stronger base for a larger upward reversal. If and when the 2nd bullish profit target is reached, then the stop will be moved from the current 0.0064135 to the entry at 0.0064250
We encourage traders to do their own research, trade according to their tactic, and consider using the TradeCompass as an additional aid in their decision support.
As always, trade cautiously and at your own risk!
►
2nd Follow-Up: Gold Futures Analysis Update
As of now, the low of the day for Gold Futures (February 2025 contract) has been 2,741, meaning the short trigger at 2,735, outlined in the original TradeCompass, was not activated. Instead, the market displayed bullish momentum, crossing above 2,745 and triggering the long bias according to the Compass.
Bullish Targets for Gold Futures Today:
- 2,748 – REACHED
- 2,753.7 – REACHED
- 2,758.2 – REACHED
- 2,770 – STILL OPEN
With three profit targets successfully hit, the stop-loss for the remaining position has been moved up from the entry price to the first profit target at 2,748. This adjustment secures profits already realized while leaving room for the market to potentially reach the final bullish target at 2,770.
This approach highlights the importance of dynamic risk management, ensuring that gains are locked in while allowing for further upside potential. Traders should remain attentive as price action approaches 2,770, watching for key signals of continuation or reversal near this level.
As always, trade cautiously and follow your plan. Stay tuned for further TradeCompass updates!
