📖USDJPY-09/30/2022-Squeeze as much as possible out of growth📈
Updated
📅Date: 09/30/2022
➡️Trading instrument: USDJPY
📊Priority direction: BUY
💬Comment: The current balance of the USDJPY currency pair in the price area of 144 - 144.70 indicates the further strength of buyers, and there is probably no point in hoping for a reversal now. Also, despite the fact that the dollar index (DXY) is now in a logical correction, JPY is more likely to continue to fall despite some "momentary weakness" of the US currency.
The upper border of the balance at the level of 144.70 is now in the focus, break upside is expected. This scenario is the most conservative. Target is at the level of 145 (145.20 and 145.40 can be considered).
The second variant of entering is the level 144.430, where the support line is located (acting as a price pressure to the level 144.70). At the time of writing this idea, the price is just at this level.
The third entry option is the bottom of the balance at the level of 144. There, one can expect a bounce up or a false breakout.
All three scenarios assume the growth of the USDJPY currency pair with a high degree of probability. Despite this, limit the risks according to the entry system.
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👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
➡️Trading instrument: USDJPY
📊Priority direction: BUY
💬Comment: The current balance of the USDJPY currency pair in the price area of 144 - 144.70 indicates the further strength of buyers, and there is probably no point in hoping for a reversal now. Also, despite the fact that the dollar index (DXY) is now in a logical correction, JPY is more likely to continue to fall despite some "momentary weakness" of the US currency.
The upper border of the balance at the level of 144.70 is now in the focus, break upside is expected. This scenario is the most conservative. Target is at the level of 145 (145.20 and 145.40 can be considered).
The second variant of entering is the level 144.430, where the support line is located (acting as a price pressure to the level 144.70). At the time of writing this idea, the price is just at this level.
The third entry option is the bottom of the balance at the level of 144. There, one can expect a bounce up or a false breakout.
All three scenarios assume the growth of the USDJPY currency pair with a high degree of probability. Despite this, limit the risks according to the entry system.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Note
Let me remind, that the dollar index (DXY) has a chance to correct downwards, but this is unlikely to put any pressure on the USDJPY.Note
Trade closed✅Note
👇 There is new idea for DXY:
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