Dolar A.S. / Yen JepunSingkat
USDJPY Fast chart Short
The USD/JPY pair is currently being analyzed on a 15-minute chart, and the technical analysis suggests that the price is consolidating between the top of the zone (ToZ) and the bottom of the zone (BoZ). This means that the pair is currently trading in a narrow range and is not showing a clear trend.
The Relative Strength Index (RSI) is flagging, which means that it is currently in a neutral zone and is not indicating any clear bullish or bearish bias. Additionally, the RSI is below the midline, which is considered a bearish indication.
However, it's worth noting that the price did make a change of character, which could indicate that it is in a phase 2 of a trend. This means that the pair could be forming a new trend, either bullish or bearish, and traders should be aware of this possibility.
With this analysis in mind, traders may be looking for a Bullish Market Structure (BMS) at 129.279 or a Change of Character for the upside (CHoCH) at 129.942. These levels could serve as key levels of resistance or support for the pair, and traders may look to enter or exit their positions accordingly. However, traders should keep in mind that this analysis is based on the 15-minute chart and may not hold true in the larger time frame. It's important to monitor the pair's movements and be aware of any significant market developments that may affect the pair's direction.
The information provided by LewkP is for educational and informational purposes only. It should not be considered financial or investment advice. The analysis presented may not be suitable for all investors. Any opinions expressed in this analysis are solely those of LewkP and do not represent the opinions of any other party. LewkP does not provide financial advice and any analysis provided should not be used as the sole basis for making investment decisions. LewkP does not intend for the analysis to be used for intraday trading. LewkP advises that any trading should only be done with caution and only by individuals who are fully in control of their emotions and have a high risk tolerance. LewkP is not responsible for any losses incurred as a result of using the information provided.
The Relative Strength Index (RSI) is flagging, which means that it is currently in a neutral zone and is not indicating any clear bullish or bearish bias. Additionally, the RSI is below the midline, which is considered a bearish indication.
However, it's worth noting that the price did make a change of character, which could indicate that it is in a phase 2 of a trend. This means that the pair could be forming a new trend, either bullish or bearish, and traders should be aware of this possibility.
With this analysis in mind, traders may be looking for a Bullish Market Structure (BMS) at 129.279 or a Change of Character for the upside (CHoCH) at 129.942. These levels could serve as key levels of resistance or support for the pair, and traders may look to enter or exit their positions accordingly. However, traders should keep in mind that this analysis is based on the 15-minute chart and may not hold true in the larger time frame. It's important to monitor the pair's movements and be aware of any significant market developments that may affect the pair's direction.
The information provided by LewkP is for educational and informational purposes only. It should not be considered financial or investment advice. The analysis presented may not be suitable for all investors. Any opinions expressed in this analysis are solely those of LewkP and do not represent the opinions of any other party. LewkP does not provide financial advice and any analysis provided should not be used as the sole basis for making investment decisions. LewkP does not intend for the analysis to be used for intraday trading. LewkP advises that any trading should only be done with caution and only by individuals who are fully in control of their emotions and have a high risk tolerance. LewkP is not responsible for any losses incurred as a result of using the information provided.
discord.gg/a7sfTVkgxc
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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.
discord.gg/a7sfTVkgxc
I’m part of a free Discord group where we help each other navigate the market and overcome trading challenges. It’s a friendly, supportive community, with members from around the globe.
I’m part of a free Discord group where we help each other navigate the market and overcome trading challenges. It’s a friendly, supportive community, with members from around the globe.
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.