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Usdjpybuy

USDJPY Technical Analysis and Trade Idea 👀👉 The USDJPY pair has been experiencing downward pressure recently. While there may be a potential selling opportunity, it would be prudent to wait for the FOMC meeting and Federal Reserve rate cut announcement later today before making any trading decisions. If the data release outcome suggests a weakening US dollar, it could present a favorable opportunity to sell the USD/JPY pair. Conversely, if the data supports USD strength, it might be wise to abandon the trade idea altogether, as taking a counter-trend position could be risky. Disclaimer: This analysis is based on current market conditions and available information. Forex trading carries significant risk, and market conditions can change rapidly. Always conduct your own research, consider your risk tolerance, and consult with a licensed financial advisor before making any trading decisions. Past performance does not guarantee future results. 📉✅
by tradingwithanthony
USDJPY Technical Analysis and Trade IdeaAnalyzing the USDJPY on the daily chart reveals a clear bullish trend. The pair is currently testing a significant resistance level. Although I'm considering a long position, I won't enter at this point. Instead, I’m looking for a pullback. On the 30-minute chart, there’s a noticeable bullish imbalance and an order block just below the current price. My ideal entry would be a retracement to the 50-61.8% Fibonacci level, which aligns with these areas. In the accompanying video, we delve into the trend, market structure, price action, and other crucial technical analysis elements. Remember, this video is purely educational and not financial advice.
Long
by tradingwithanthony
2
USDJPY I Rejecting support and potential riseWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8