JPY ( YEN )BASKET FORECAST Q2 W18 Y25JPY ( YEN )BASKET FORECAST Q2 W18 Y25
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Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
✅The JPY Bask
CREDIT CRISISWe are beginning to see evidence of a credit crisis starting. low demand for US bonds can trigger a currency crisis for the USD, higher rates will lead to refinancing company problems (especially with all the zombie companies that should have blown up over a decade ago.) and major economic depressio
JPYBASKET 2WYen Basket – 2-Week Timeframe
Let’s take a look at this chart.
Since 2019, the trend has been strongly bearish.
Now, what’s important is that the price has managed to break the long-term downtrend line, but it’s still facing a strong resistance zone (that blue area). It’s tried to break through a f
JPYBASKET Potential Move – Technical OutlookJPYBASKET has just broken out of its bearish channel, signaling a potential shift to bullish momentum after being under pressure since March.
Currently, price action suggests a move to close the gap and target the 6.844 resistance level, with a possible extension toward 6.942.
However, before conf
JPY Basket: Trend Reversal in Play – Bullish Breakout ExpectedThe JPY Basket is showing signs of a potential bullish reversal after reaching a key support zone at 6,183. Last week’s hammer candlestick signals strong buying pressure, reinforcing the likelihood of a trend shift.
Technical Analysis
Key Support & Market Structure Shift:
Price previously tested t
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Displays a symbol's price movements over previous years to identify recurring trends.