Current Situation: USD/JPY has been in a strong downtrend, evidenced by the consistent lower highs and lower lows, but it is now showing signs of a potential retracement. The pair is moving towards a demand zone around 141.764, which aligns with potential buying pressure that could trigger a bounce in the near term. As we can see on the 4HR a possible target...
Current Situation: USD/JPY has been in a strong downtrend, evidenced by the consistent lower highs and lower lows, but it is now showing signs of a potential retracement. The pair is moving towards a demand zone around 141.764, which aligns with potential buying pressure that could trigger a bounce in the near term. As we can see on the 4HR a possible target...
Overview: After 48 hours of nonstop downward movement in USD/JPY with barely any pullbacks, the pair is looking a bit stretched. We’re currently sitting at a key support level, and I’m seeing signs that we could get a relief pullback soon—not a full reversal, but a correction to balance things out. What I'm Watching: Liquidity and Fair Value Gap: The market...
Overview: USD/JPY has been on a tear, but it’s looking a bit overextended. I’m watching for a potential pullback to around 145.80, where we have some Fair Value Gaps waiting to be filled. This dip could be the perfect setup for a fresh long entry. Why a Pullback? - Minor Pullback: We’ve seen a small retrace, but it might not be enough. The market often needs a...