USDJPY | Perspective for the new week | follow-up details
It was a rollercoaster of buys and sells during the course of last week's trade session as price action traded around the key level identified around the 131.000 level to emphasize a level of indecision in the market. Japan CPI inflation dips from over 40-year highs in Feb and the reading was at its lowest level since September 2022 but was still well above the BoJ's annual target of 2%. Readings came in at 3.3% down from 4.3% in the prior month... Next week is coming with a couple of fundamental activities that will bring some liquidity to the market; from the BoJ governor's press conference about monetary policies in Tokyo to the GDP data from the US docket. In this video, we technically analyzed the market structure with the intent of identifying potential trading opportunities in the coming week(s).
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Operación activa:
The new week has started on a bullish note as price action breaks above the resistance line for the week at the 131.000 level - a zone that is noted for being a strong memory for buying power in the last 8 months. So, buying pressure above this level will be a confirmation of buying opportunities.
Good morning
Good morning
Operación activa:
Operación activa:
Secure buy position
Operación activa:
secure all buy positions as second position is triggered
Operación activa:
Secure buy positions as selling pressure resumes
Operación activa:
After being taken out with a small profit, price action drops and breaks down the key level at the 131.000 level. So, it's important that we remain patient here to see how the price will react to the 131.000 level for our next line of action.
Good morning
Good morning
Operación activa:
30 minute outlook
Operación activa:
Price action takes out the buy position as it makes attempt to breakdown the bullish trendline identified earlier. Breakdown/retest of the 131.550 will welcome selling opportunities.
Operación activa:
Operación activa:
Buy position triggered at the breakout of both the 131.000 and 131.700 levels. Secure all buy position, I will be seeing you in the live session in a moment
Good morning
Good morning
Operación activa:
Operación activa:
Secure all buy positions
Operación activa:
Secure all buy position as we currently have 3 positions running in profit
Operación activa:
Price action takes out all the buy positions with approximately 300pips in profit as selling pressure resumes. Waiting for structures to mature, update coming soon. We shall talk about this in detail during our morning live session.
Good morning
Good morning
Operación activa:
Find an update here just as illustrated during our live session. Please take note of my observation regarding the potential counter-trend opportunity. You might want to re-watch the video
Operación activa:
Secure all buy positions
Operación activa:
Trendline remains our guide for trading activities today
Operación cerrada manualmente:
Price action takes out the buy position as selling pressure resumes
Operación activa:
Fresh last minute outlook on 1H timeframe
Operación activa:
secure sell position
Trade smart. Trade consciously
No trades yet and it's looking more bearish at this juncture where a breakdown/retest of the 132.320 level will welcome selling opportunities.