USDJPY | Perspective for the new week | follow-up details

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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.

Dagangan aktif

A choppy situation is observed above the key level identified in the video at 133.800 level. Waiting for a signal

Good morning

Dagangan aktif

Buy position triggered

Dagangan aktif

Time to secure buy position

Dagangan aktif

Selling pressure resumes as buyers find it difficult to break the 134.550 barrier.

Good morning

Dagangan aktif

Secure sell position

Dagangan aktif

Secure sell position

Dagangan aktif

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.

Dagangan aktif

Secure all buy positions

Dagangan aktif

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 soon

Dagangan aktif

Secure buy position

Dagangan ditutup secara manual

Sell pressure continues hereby taking out the buy position.

Good morning

Dagangan aktif

Fall out from our live session today

Dagangan aktif

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.

Dagangan aktif

Secure sell position

Dagangan aktif

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

Dagangan aktif

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.

Nota

UPDATE

Dagangan aktif

Secure all buy positions

darcsherry

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USDJPY | Perspective for the new week | follow-up details

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