USDJPY 2024.10.15 02:55:04 Trading Signal BUY
FrankPro Signal for USDJPY
Type: Screen
Signal: BUY
TP: 150.165
SL: 149.565
Entry Price: 149.64
Flexity Analysis for USDJPY
Forecast Overall(Short-Term, Long-Term): ST=Undecided LT=Strong Up
Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Same LT=Up
[Method1] ST=Down LT=Up
[Method2] ST=Up LT=Up
FlexityIndicator Analysis Method(0)
USD/JPY Price Movement Assessment
Short-term (October 14-18, 2024)
Key Points Expected Price Movement
Support level near 145.85 Possible rebound and growth to above 156.85 if breakout occurs
Current price holding steady above 149.00 Influenced by fresh supply and cautious trading due to geopolitical risks
Struggling to break above 150 yen level Potential volatility ahead
Expected short-term price movement: Stay the same with a possible slight increase to test the resistance area near 151.85.
Long-term
Moving averages indicate a bearish trend
Breakout above resistance area could confirm growth option
US Dollar's sensitivity to recent data releases driving volatility
Fed's data-dependent policy and overall economic outlook influencing pair's movement
Expected long-term price movement: Go up. Potential growth option supported by possible breakout above resistance area and US Dollar's strength. However, bearish trend and uncertainty surrounding BoJ's monetary policy stance may cap the upside.
Result: [Method0] ST=Same LT=Up
FlexityIndicator Analysis Method(1)
USD/JPY Price Movement Assessment
Short-term (next few days/week)
Expected Price Movement DOWN (with potential rebound)
Key Levels
Support level: 145.85
Breakout level: 135.95 (potential continuation of decline)
Potential Scenarios
Bearish price correction
Upward rebound and continued growth
Long-term (next few weeks/months)
Expected Price Movement UP (with potential for significant growth)
Key Levels
Potential growth above: 156.85
Market Influencers
BoJ's stance on monetary policy
Potential rate hikes (limited upside for Yen)
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: [Method1] ST=Down LT=Up
FlexityIndicator Analysis Method(2)
**USD/JPY Price Movement Assessment** **Short-term Outlook (Next Few Days to a Week)**
Expectation Target Levels Risk Factors
Bullish Break above 147.21, testing 149.40 (7-week high) Pullback to 144.97 (9-day EMA) or 143.60 (lower boundary of ascending channel) due to geopolitical tensions and BoJ's monetary policy uncertainty
**Long-term Outlook (Next Few Weeks to Months)**
Expectation Target Levels Influencing Factors
Bullish Rebound from upper border of descending channel, growing to area above 156.85 BoJ's monetary policy stance, geopolitical tensions, US Federal Reserve's interest rate decisions
**Price Movement Expectation**
Short-term: Up (with potential pullbacks to support levels)
Long-term: Up (with potential for further upside momentum)
**Note:** This analysis is based on the provided data and is subject to change as new information becomes available. Let me know if you'd like me to make any adjustments
Result: [Method2] ST=Up LT=Up
Type: Screen
Signal: BUY
TP: 150.165
SL: 149.565
Entry Price: 149.64
Flexity Analysis for USDJPY
Forecast Overall(Short-Term, Long-Term): ST=Undecided LT=Strong Up
Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Same LT=Up
[Method1] ST=Down LT=Up
[Method2] ST=Up LT=Up
FlexityIndicator Analysis Method(0)
USD/JPY Price Movement Assessment
Short-term (October 14-18, 2024)
Key Points Expected Price Movement
Support level near 145.85 Possible rebound and growth to above 156.85 if breakout occurs
Current price holding steady above 149.00 Influenced by fresh supply and cautious trading due to geopolitical risks
Struggling to break above 150 yen level Potential volatility ahead
Expected short-term price movement: Stay the same with a possible slight increase to test the resistance area near 151.85.
Long-term
Moving averages indicate a bearish trend
Breakout above resistance area could confirm growth option
US Dollar's sensitivity to recent data releases driving volatility
Fed's data-dependent policy and overall economic outlook influencing pair's movement
Expected long-term price movement: Go up. Potential growth option supported by possible breakout above resistance area and US Dollar's strength. However, bearish trend and uncertainty surrounding BoJ's monetary policy stance may cap the upside.
Result: [Method0] ST=Same LT=Up
FlexityIndicator Analysis Method(1)
USD/JPY Price Movement Assessment
Short-term (next few days/week)
Expected Price Movement DOWN (with potential rebound)
Key Levels
Support level: 145.85
Breakout level: 135.95 (potential continuation of decline)
Potential Scenarios
Bearish price correction
Upward rebound and continued growth
Long-term (next few weeks/months)
Expected Price Movement UP (with potential for significant growth)
Key Levels
Potential growth above: 156.85
Market Influencers
BoJ's stance on monetary policy
Potential rate hikes (limited upside for Yen)
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: [Method1] ST=Down LT=Up
FlexityIndicator Analysis Method(2)
**USD/JPY Price Movement Assessment** **Short-term Outlook (Next Few Days to a Week)**
Expectation Target Levels Risk Factors
Bullish Break above 147.21, testing 149.40 (7-week high) Pullback to 144.97 (9-day EMA) or 143.60 (lower boundary of ascending channel) due to geopolitical tensions and BoJ's monetary policy uncertainty
**Long-term Outlook (Next Few Weeks to Months)**
Expectation Target Levels Influencing Factors
Bullish Rebound from upper border of descending channel, growing to area above 156.85 BoJ's monetary policy stance, geopolitical tensions, US Federal Reserve's interest rate decisions
**Price Movement Expectation**
Short-term: Up (with potential pullbacks to support levels)
Long-term: Up (with potential for further upside momentum)
**Note:** This analysis is based on the provided data and is subject to change as new information becomes available. Let me know if you'd like me to make any adjustments
Result: [Method2] ST=Up LT=Up
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