USDJPY | Perspective for the new week | follow-up details
Updated
With the appearance of a potential reversal pattern in the 4H timeframe; I am of the opinion that the USDJPY pair seems poised to register weekly gains for the first time in a couple of weeks. And to further buttress this is the fundamental indicator from data showing a sudden rise in the US jobless claims hereby indicating a cool effect in the labor market. With this reading, the sentiment in the market remains "hopeful" as key players expect there could be limited headroom to keep raising interest rates, especially in the face of a potential banking crisis. In this video, we took a technical dissection of the current market structure to weigh in on the potential trading opportunity for the coming week(s).
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.
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.
Trade active
Bullish momentum appears to be confirmed as price action breakout/retests the resistance line for the week at the 133.400 Level. See you at the morning live session soonGood morning
Trade active
Fall out from our live studio session this morningTrade active
Secure all sell position as sell-stop orders gets triggered at the key levels identifiedTrade active
Secure all sell positionsTrade closed manually
After being taken out of all the sell position with approximately 100 pips. A simple set-up is identified to guide trading activities for todayGood morning
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15-minute outlookThe fallout from our morning live session
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Secure sell positionTrade active
Secure sell positionTrade active
Secure sell poisiton. Update coming up soonGood morning
Trade active
New set-up identified on a lower time frame... see you soon at the live studio sessionTrade closed manually
Manually close the sell position and set a re-entry sell stop order due to the sharp rejection of the support line at the 131.400 area. The current buy pressure has a tendency to breakout/retest the 131.800 level.Trade active
Secure sell positionTrade closed manually
Price action takes out the sell position with a small profit but the appearance of a double bottom pattern is a suspect that bullish momentum might likely come in anytime soon. So, we need some further confirmation to be sure of the next line of action. An update coming up soon.Good morning
Trade active
Fall out from our morning live sessionTrade active
Secure buy positionsTrade active
Securing the buy position; detail review of market structure in anticipation of the NFP at our morning live session.Good morning
Trade active
Secure buy positionsNote
The Greenback's immediate reaction to the below expectation of NFP data has been bullish so far. Ensure position is securedTrade active
Trade active
Trade smart. Trade consciously
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