USDJPY Analysis and Trade Opportunities
Like I mentioned in our weekend live session, I don't see any BOJ intervention happening soon.
The earliest I’m looking is when the market reaches 158.73, with the next level at 159.66.
Around 157.74 is the level I'll be looking for a buying opportunity using the existing strategy that I've used for many years.
Key Levels:
Potential Intervention Levels:
- 158.73
- 159.66
- Buying Opportunity: Around 157.74
Shorting Opportunities:
1-Hourly Chart:
- Bearish Bat Pattern Completion: 158.15
- ABCD Pattern Completion: 158.39 if the Bearish Bat Pattern does not complete
Strategy:
- Buying at 157.74: Use the tried and tested strategy that has worked over the years.
- Shorting Opportunities: Monitor the 1-hourly chart for potential Bearish Bat Pattern at 158.15 and ABCD Pattern at 158.39.
What’s your trade plan for USDJPY? Any valuable insights you’d like to share? Comment down below.
The earliest I’m looking is when the market reaches 158.73, with the next level at 159.66.
Around 157.74 is the level I'll be looking for a buying opportunity using the existing strategy that I've used for many years.
Key Levels:
Potential Intervention Levels:
- 158.73
- 159.66
- Buying Opportunity: Around 157.74
Shorting Opportunities:
1-Hourly Chart:
- Bearish Bat Pattern Completion: 158.15
- ABCD Pattern Completion: 158.39 if the Bearish Bat Pattern does not complete
Strategy:
- Buying at 157.74: Use the tried and tested strategy that has worked over the years.
- Shorting Opportunities: Monitor the 1-hourly chart for potential Bearish Bat Pattern at 158.15 and ABCD Pattern at 158.39.
What’s your trade plan for USDJPY? Any valuable insights you’d like to share? Comment down below.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.