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USDJPY Weekly Forecast for 27th-31st July 2020Key levels for this week -
106.70
105.10
104.75
- Going into this week looking for bearish continuation
- Any pullbacks towards key level will be used for new entries
Weekly forecast/Sunday analysis highlights the overall market trend with key levels to get an idea of the best targets in the upcoming week(s)! Projection of the market with technical analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown!
Every week Includes analysis for
CRUDE OIL / XTIUSD
GOLD SPOT/ XAUUSD
Us dollar index / DXY
USDJPY
EURUSD
GBPUSD
AUDUSD
NZDUSD
USDCAD
BTCUSD
AND MANY MORE - Entries taken on markets with the best opportunities. Only low risk high reward setups with minimal drawdown!
Seeing a Strong Buy Formation on USDJPYAs we can see, the moving averages are lined up nicely for a buy. Whenever the smallest moving average is on the bottom and so on and so fourth, it tends to indicate that the market is signaling a reversal to the upside. Just bored, on this Sunday morning so I'm trying to give my bias. Hopefully someone has a takeaway from this idea.
USDJPY Long - FlashcardUSDJPY Long - Direction: Has been in a Bullish cycle for 3 1/2 days. Pair was showing bullish momentum on the H1 and H4. Entry: Double Bottom pattern formed at H1 OB (can be seen on the M15). Divergence and shark-fin shown on TDI, with the RSI line also crossing the Signal Line, giving me a confirmation. Furthermore, entry candle closed above 13 EMA, which gave me another confirmation. SL @ 22 pips below Entry, and TP @ 31 pips above Entry.