Signal: Long Position (Buy USD/JPY)
Entry Point:
Between 149.80 - 150.20, near the current level for optimal entry.
Take Profit Levels:
Target 1: 152.238
Target 2: 153.496
Target 3: 154.703
Stop Loss:
Below 149.30 to account for false breakouts.
Analysis of the Chart
Price Action:
The USD/JPY appears to be in a corrective phase after a significant decline, with potential for a bullish rebound from the current levels.
A target level of 154.703 is marked on the chart, suggesting a potential recovery in the next 12 days.
Support and Resistance:
Key support: 149.351 - 149.876 (zone of the recent low).
Key resistance: 152.238 and 153.496.
Volume Profile:
High volumes in the 150 - 151 range suggest strong interest and could act as a consolidation area for price.
Momentum Indicator:
The Squeeze Momentum Indicator shows negative pressure easing, with a possible shift to positive momentum soon.
Entry Point:
Between 149.80 - 150.20, near the current level for optimal entry.
Take Profit Levels:
Target 1: 152.238
Target 2: 153.496
Target 3: 154.703
Stop Loss:
Below 149.30 to account for false breakouts.
Analysis of the Chart
Price Action:
The USD/JPY appears to be in a corrective phase after a significant decline, with potential for a bullish rebound from the current levels.
A target level of 154.703 is marked on the chart, suggesting a potential recovery in the next 12 days.
Support and Resistance:
Key support: 149.351 - 149.876 (zone of the recent low).
Key resistance: 152.238 and 153.496.
Volume Profile:
High volumes in the 150 - 151 range suggest strong interest and could act as a consolidation area for price.
Momentum Indicator:
The Squeeze Momentum Indicator shows negative pressure easing, with a possible shift to positive momentum soon.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.