USDJPY | Perspective for the new week | follow-up details
Обновлено
Though within a range, the US dollar was able to incite bullish traction last week as the 131.000 level remains a zone for buying power and a strength for the Dollar is likely following the Federal Reserve Governor Christopher Waller's comment on more monetary tightening despite evidence of a steady drop in inflation figures. Higher interest rates tend to benefit the dollar and this could incite a bullish trend in the coming week(s) which could lead to the break of the 133.800 barrier. From a technical standpoint, this video illustrates what we are going to be looking at in the coming week to either buy or sell the USDJPY.
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.
Сделка активна
A choppy situation is observed above the key level identified in the video at 133.800 level. Waiting for a signalGood morning
Сделка активна
Buy position triggeredСделка активна
Time to secure buy positionСделка активна
Selling pressure resumes as buyers find it difficult to break the 134.550 barrier.Good morning
Сделка активна
Secure sell positionСделка активна
Secure sell positionСделка активна
Secure sell position as buying pressure resumes. Looking forward to buying the breakout/retest of the 134.200 if price action stops finding a lower low.Сделка активна
Secure all buy positionsСделка активна
After being taken out of the buy positions, just as discussed during our live session this morning - we are beginning to see some bullish traction around the 134.550 zone. It is most appropriate to look out for buying opportunities above this level to join a potential trend continuation. Update coming up soonСделка активна
Secure buy positionСделка закрыта вручную
Sell pressure continues hereby taking out the buy position.Good morning
Сделка активна
Fall out from our live session todayСделка активна
Just as discussed during our live session today; selling pressure continues where a breakdown/retest of the trendline and demand zone will be welcoming selling opportunities.Сделка активна
Secure sell positionСделка активна
Secure all sell positions as buying pressure is observed at the neckline of the reversal pattern identified on the daily time frame at the 133.800 zone.Good morning
Сделка активна
Following our last discourse on the importance of the key level at the 133.800 level during the live session today, a simple set-up is identified in the 15-minute timeframe.Заметка
UPDATEСделка активна
Secure all buy positions
Trade smart. Trade consciously
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