USDJPY | Perspective for the new week | follow-up details
Updated
The U.S. dollar continue waning as it edged lower during the course of last week's trading and following the positive NFP on Friday, there was a stall as we started witnessing a consolidation phase around the key level at 135.000. In this video, we looked at the charts from a technical standpoint where we shall remain patient to see what price action will transition into for signals and confirmations.
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, and 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, and 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
So, price has been caught within the channel of 134.790/134.150 hence we need to be patient to wait out for signal at either a breakout/retest or breakdown/retest.Good morning
Trade active
Secure the buy position while we wait for opportunities to add to the existing trade at a breakout/retest of the neckline at the 135.500 level.Trade active
Second position is triggered as price action breaks the neckline at 135.500; secure the positionTrade active
Over 280pips in profit (2 positions); secure opositionTrade active
440pips running in profit (2 positions); secure position.Good morning
Trade active
Price takes out the buy position with approximately 300pips profit as price breaks down the 136.500 and we do not know how far this retracement is going to go before the potential second wave of bullish momentum; This was discussed at length during the live session today (see video on youtub for reference purposes).Trade active
The retracement appears not to have lasted long as buying pressure resumes above the 136.500 level. Please keep the options of selling pressure below the 136.500 level open, price climbing above the bullish trendline will make us comfortable in the buy position.Trade active
Secure position as we look out for opportunities to add positionTrade active
Another position triggered at the breakout of the 137.000 level; ensure the position is secured. Update coming up soonGood morning
Trade active
Secure position as selling pressure resumes below the 138.000 level - a level that was broken during last week's trading session. Hence a possible sell momentum could come in at the breakdown/retest of both the trendline and 137.000 level. We discussed this at length during our live session today.Trade active
Price takes out the buy positions as the structure succumbs to selling pressure which led to the breakdown of the 137.000 level as projected. secure the sell position now as we look forward to adding more position as the price is likely going to retest the neckline that was broken on Monday at the 135.500 level.Trade active
breakdown of 136.500 triggers another position; secure positionsTrade active
Just as discussed during the live session today, we continue to look out for selling opportunities below the trendline.Trade active
Secure sell position as buy pressure resumesGood morning
Trade active
Buy pressure resumesTrade active
Just as discussed during our live session today, still waiting for a breakout/retest of the 136.150 level and the trendline for buying opportunities. Positive data from the PPI... Is this a positive sign for US Dollar? We still anticipate the Consumer Sentiment Index coming in 30 minutes from now.NB: Breakdown/retest of 135.500 will incite the opposite direction.
Trade active
Secure the buy position
Trade smart. Trade consciously
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.