USDJPY - Range Bound & FED

26 Jan

Dear Friends,

Keynote = Fed Interest Rate Decision: 29th of January.

How I see it:

Strong demand indicated within new range.
Potential bullish rally to fill imbalance.

Breakout of range required for confirmation.
We will have a stronger confirmation of near-term direction after Wednesday.

Thank you for your time reading my analysis !

27 Jan

Nota

Strong 4HR close below key confluence of support.
Potential for more selling pressure to follow...

27 Jan

Nota

154.771 - 154.980 = New confluence area between sellers and buyers !

27 Jan

Nota

Next Supports @

1. 153.600
2. 152.800

28 Jan

Nota

Strong demand persists despite break below key support yesterday.
Price shot up and reversed with quality to close above key confluence again!

Will we continue the rally to fill the imbalance?
Or will we break below key support again?

High volatility in the market, be safe!

Let the market come to you...

28 Jan

Nota

How I see it:

Price could potentially remain within range between 155 - 157 until FED decision tomorrow