USDJPY - Range Bound & FED
Dear Friends,
Keynote = Fed Interest Rate Decision: 29th of January.
How I see it:
Strong demand indicated within new range.
Potential bullish rally to fill imbalance.
Breakout of range required for confirmation.
We will have a stronger confirmation of near-term direction after Wednesday.
Thank you for your time reading my analysis !
Keynote = Fed Interest Rate Decision: 29th of January.
How I see it:
Strong demand indicated within new range.
Potential bullish rally to fill imbalance.
Breakout of range required for confirmation.
We will have a stronger confirmation of near-term direction after Wednesday.
Thank you for your time reading my analysis !
Note
Strong 4HR close below key confluence of support.
Potential for more selling pressure to follow...
Note
154.771 - 154.980 = New confluence area between sellers and buyers !Note
Next Supports @
1. 153.600
2. 152.800
Note
Strong demand persists despite break below key support yesterday.
Price shot up and reversed with quality to close above key confluence again!
Will we continue the rally to fill the imbalance?
Or will we break below key support again?
High volatility in the market, be safe!
Let the market come to you...
Note
How I see it:
Price could potentially remain within range between 155 - 157 until FED decision tomorrow
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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.