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Weekly FOREX Forecast Jan 20-24thThis is an outlook for the week of Jan 20-24th. In this video, we will analyze the following FX markets: USD Index EURUSD GBPUSD AUDUSD NZDUSD CAD, USDCAD CHF, USDCHF JPY, USDJPY The USD is at a higher time frame Supply Zone. This coincides with the Inauguration Day for Trump. The USD Index will potentially start to turn over here, if the 2016 Inauguration Day is used as a model. No selling until a bearish break of structure! But stay vigilant, and be careful buying into a HTF Supply Zone! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
3
USDJPY - Waiting for its correction and looking to some buy oppoHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
by QQGuo-Shane
3
Bank of Japan Poised to Raise Rates to Highest in 17 Years!MARKET ALERT 🚨 The Bank of Japan (BOJ) is poised to raise its short-term interest rates from 0.25% to 0.5% at its upcoming meeting from January 23-24, marking the first rate hike since July 2024. This move, if confirmed, would lift Japan's borrowing costs to their highest level since the 2008 global financial crisis. USD/JPY Technical Analysis The USD/JPY pair is currently testing an important support level near 154.80, with a clear trendline from earlier December still holding. The recent price action shows a potential bounce, indicated by the green circle on the chart. Additionally, the RSI shows a neutral zone, which suggests a potential for a continuation or consolidation. As long as the 55-day EMA holds, the index could surge past 161.00 in the coming days BANK OF JAPAN's Decision: The BOJ's decision is driven by a combination of factors, including Japan's sustained inflation rate, which has exceeded the 2% target for nearly three years, and increasing wage gains that are expected to continue pushing inflation higher. This rate hike is seen as part of the BOJ's ongoing strategy to normalize monetary policy after years of ultra-loose interest rates aimed at combating deflation. Provide a caption (optional) In addition to raising rates, the BOJ is also likely to revise its inflation forecast to reflect these conditions. The bank is expected to signal that the economic conditions are ripe for further tightening, though the pace and timing of subsequent rate hikes will be closely watched by the markets. NIKKEI 300 Showing signs of Indecision since Sept 2024. Governor Kazuo Ueda and other senior officials have carefully prepared the market for this move, with recent statements hinting at the possibility of a rate increase. Market participants are now looking ahead to Ueda's post-meeting briefing for more details on future policy actions. However, risks remain, particularly with global uncertainties such as potential market volatility linked to U.S. politics under President Donald Trump. While the rate hike is seen as an important step in Japan's economic recovery, there are concerns about the potential consequences, especially given the country's historical challenges with low growth and inflation. This policy shift highlights the BOJ's determination to move away from its extraordinary monetary easing measures, but the central bank must carefully navigate potential risks to both the domestic economy and global financial stability. WHAT IT MEANS FOR CYPTO TRADERS and what should you do? Be cautious with your leveraged positions as the news unfolds. Set stop losses and hold on to your long-term investments. BTC/USDT Technical Analysis! Last year, similar news had a severe impact on Bitcoin, causing it to drop from $72k to $48k. It was a tough situation, and many traders got caught in the downturn. While Trump is pushing the market, this news could have a short-term negative effect on both crypto and global markets. Although I don't foresee anything major happening, it's always better to be safe than sorry. So, be prepared for any outcome. If this article adds any value please share it with your circle. Disclaimer: This article is meant for educational purposes only. Please do your research before making any trade decisions. Thank you #PEACE
by Cryptorphic
USDJPY BUY Trade Plan - High Probability Setups📈 🔵 Buy Plan (Continuation Trade) - High Confidence (80%) 🎯 Entry 1 (Breakout Confirmation): Above 156.60 (aggressive) 🎯 Entry 2 (Pullback Buy): 156.00 - 155.50 retest (safe/conservative) 📌 Stop-Loss: 155.30 (Below last OB, safe zone) 📌 Take-Profit Targets: TP1: 157.00 (liquidity grab area) TP2: 157.80 - 158.00 (final target, resistance zone) 📌 R:R: Minimum 1:3, up to 1:5 if TP2 hits 🔹 Confirmations Required: ✅ Liquidity grab at 155.50 demand zone ✅ Bullish engulfing / momentum candle on H1/H4 ✅ Break & Retest of 156.60 📉 🔴 ALTERNATE Sell Plan (Reversal Setup) - Medium Confidence (65%) 🎯 Entry: Below 155.50 break & retest 📌 Stop-Loss: 156.20 (Above last lower high) 📌 Take-Profit Targets: TP1: 154.80 (minor liquidity level) TP2: 154.00 (main demand zone, strong support) 📌 R:R: 1:3 minimum 🔹 Confirmations Required: ✅ Bearish engulfing rejection from 156.80 - 157.00 ✅ Break of 155.50 with strong bearish momentum 4️⃣ Final Thoughts (What I Would Do Personally) 📌 Primary Focus: BUY Trade is the best play, targeting 157.00 & 157.80+ 📌 Why? Bullish structure intact Demand zone at 155.50 - 156.00 aligns with liquidity & order blocks Strong bullish push shows smart money interest 🚀 Plan: I will look for a pullback into 156.00 - 155.50 for a safe buy entry, OR take a breakout buy above 156.60 with strong momentum confirmation. ✅ Confidence: 80% for buy, 65% for sell 🔥 Execute like a sniper, not a machine gun! Confirm levels, check order flow, and let the market come to you.
Long
by jibkhan111
2
How Can You Trade with an Inverted Hammer Pattern?How Can You Trade with an Inverted Hammer Pattern? In trading, patterns are powerful tools, allowing traders to anticipate changes in trend direction. One such pattern is the inverted hammer, a formation often seen as a bullish signal following a downtrend. Recognising this pattern and understanding its implications can be crucial for traders looking to spot reversal opportunities. In this article, we will explore the meaning of inverted hammer candlestick, how to identify it on a price chart, and how traders can incorporate it into their trading strategies. What Is an Inverted Hammer? An inverted hammer is a candlestick pattern that appears at the end of a downtrend, typically signalling a potential bullish reversal. It has a distinct shape, with a small body at the lower end of the candle and a long upper wick that is at least twice the size of the body. This structure suggests that although sellers initially dominated, buyers stepped in, pushing prices higher before closing near the opening level. While the inverted hammer alone does not confirm a reversal, it’s often considered a sign of a possible trend change when followed by a bullish move on subsequent candles. The pattern can have any colour so that you can find a red inverted hammer candlestick or upside down green hammer. Although both will signal a bullish reversal, an inverted green hammer candle is believed to provide a stronger signal, reflecting the strength of bulls. One of the unique features of this pattern is that traders can apply it to various financial instruments, such as stocks, cryptocurrencies*, ETFs, indices, and forex, across different timeframes. To test strategies with an inverted hammer formation, head over to FXOpen and enjoy CFD trading in over 700 markets. Hammer vs Inverted Hammer The hammer and inverted hammer are both single-candle patterns that appear in downtrends and signal potential bullish reversals, but they have distinct formations and implications: - Hammer: The reversal hammer candle has a small body at the top with a long lower wick, indicating that buyers pushed prices back up after a period of selling pressure. This pattern shows that sellers were initially strong, but buyers regained control, potentially signalling a reversal. - Inverted Hammer: The inverted hammer, by contrast, has a small body at the bottom with a long upper wick. This structure indicates initial buying pressure, but sellers prevented a complete takeover. This pattern suggests that buyers may soon regain strength, hinting at a possible trend reversal. Both patterns signal possible bullish sentiment, but while the green or red hammer candlestick focuses on buyer strength after selling, the inverted hammer suggests buyer interest in an overall bearish context, needing further confirmation for a trend shift. How Traders Identify the Inverted Hammer Candlestick in Charts Although the inverted hammer is easy to recognise, there are some rules traders follow to increase the reliability of the reversal signal it provides. Step 1: Identify the Pattern in a Downtrend - Traders ensure the market is in a downtrend, as the inverted hammer is only significant when it appears after a period of sustained selling pressure. - Then, they look for a candlestick with a small body at the lower end and a long upper wick that’s at least twice the size of the body. This upper shadow shows initial buying pressure followed by selling, suggesting a potential reversal in sentiment. Step 2: Choose Appropriate Timeframes - The pattern can be seen across various timeframes, but daily and hourly charts are particularly popular for identifying it due to their balance of signals and reliability. - Higher timeframes charts generally provide more reliable patterns, while shorter timeframes, like 5 or 15-minute charts, might lead to more false signals. Step 3: Use Indicators to Strengthen Identification - Volume: A rise in bullish trading volume after the inverted hammer can indicate stronger interest from buyers, increasing the likelihood of a trend reversal. - Oscillators: Oscillators like Stochastic, Awesome Oscillator, or RSI showing an oversold reading alongside the candle can further suggest that the asset might be due for a reversal. Step 4: Look for Confirmation Signals - Gap-Up Opening: A gap-up opening in the next trading session indicates buyers stepping in, giving further weight to the bullish reversal. - Bullish Candle: Following the inverted hammer with a strong bullish candle confirms that buying pressure has continued. This is a key signal that a trend reversal may be underway. By following these steps and waiting for confirmation signals, traders can increase the reliability of the inverted hammer’s signals. Trading the Inverted Hammer Candlestick Pattern Trading the inverted hammer involves implementing a systematic approach to capitalise on potential bullish reversals. Here are some steps traders may consider when trading: - Identify the Inverted Hammer: Spot the setup on a price chart by following the rules discussed earlier. - Assess the Context: Analyse the broader market context and consider the pattern's location within the prevailing trend. Look for support levels, trendlines, or other significant price areas that could strengthen the reversal signal. - Set an Entry: Candlestick patterns don’t provide accurate entry and exit points as chart patterns or some indicators do. However, traders can consider some general rules. Usually, traders wait for at least several candles to be formed upwards after the pattern is formed. - Set Stop Loss and Take Profit Levels: The theory states that traders use a stop-loss order to limit potential losses if the trade doesn't go as anticipated. It may be placed below the low of the candlestick or based on a risk-reward ratio. The take-profit target might be placed at the next resistance level. Inverted Hammer Candlestick: Live Market Example The trader looks for a bullish inverted hammer on the USDJPY chart. After a subsequent downtrend, the inverted hammer provides a buying opportunity that aligns with the support level. They enter the market at the close of the inverted hammer candle and place a stop loss below the support level. Their take-profit target is at the next resistance level. A trader could implement a more conservative approach and wait for at least a few candles to form in the uptrend direction. However, as the pattern was formed at the 5-minute chart, a trader could lose a trading opportunity or enter the market with a poor risk-reward ratio. Advantages and Limitations of Using the Inverted Hammer The inverted hammer has its strengths and limitations. Here’s a closer look: Advantages - Simple to Identify: The pattern is easy to recognise on charts due to its unique shape, making it accessible for traders at all experience levels. - Can Be Spot in Different Markets: The candle can be found on charts of different assets across all timeframes. - Straightforward Trading Approach: It offers a straightforward signal that can be incorporated into broader trading strategies, especially with confirmation signals. Limitations - Reliability Depends on Confirmation: The candle alone does not guarantee a market reversal; it requires confirmation from the next candlestick or other indicators. Without this, the reversal signal may be weak. - Works Only in Strong Downtrends: The pattern might be more effective in strong downtrends; in ranging or weak trends, it generates less reliable signals. - False Signals Can Occur: False signals are possible, especially in volatile markets. Over-reliance on this pattern without additional analysis may lead to poor trade outcomes. Final Thoughts While the inverted hammer can provide valuable insights into potential trend reversals, it should not be the sole basis for trading decisions. It is important to supplement analysis with other technical indicators and tools to strengthen the overall trading strategy. Furthermore, effective risk management strategies are crucial while trading the setup. Setting appropriate stop-loss orders to limit potential losses and implementing proper position sizing techniques can help potentially mitigate risks and protect trading capital. If you are ready to develop your trading strategy, open an FXOpen account today to trade in over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50. Good luck! FAQ Is an Inverted Hammer Bullish? Yes, it is considered a bullish reversal pattern. It indicates a potential shift from a downtrend to an uptrend in the market. While it may seem counterintuitive due to its name, the setup suggests that buying pressure has overcome selling pressure and that bulls are gaining strength. How Do You Trade an Inverted Hammer? To trade an inverted hammer, traders wait for confirmation in the next session, such as a gap-up or strong bullish candle. They usually enter a buy position with a stop-loss below the low of the pattern to potentially manage risk and a take-profit level at the closest resistance level. Is the Inverted Hammer a Trend Reversal Signal? It is generally considered a potential trend reversal signal. An inverted hammer in a downtrend suggests a shift in market sentiment from bearish to bullish. An inverted hammer in an uptrend does not signify anything. What Happens After a Reverse Hammer Candlestick? After a reverse (or inverted) hammer candle, there may be a potential bullish reversal if confirmed by a strong bullish candle in the next session. However, without confirmation, the pattern alone does not guarantee a trend change. How Do You Trade an Inverted Hammer Candlestick in an Uptrend? In an uptrend, an inverted hammer isn’t generally considered significant because it’s primarily a reversal signal in a downtrend. Are Inverted Hammer and Shooting Star the Same? No, the inverted hammer and shooting star look similar but occur in opposite trends; the former appears in a downtrend as a bullish reversal signal, while the latter appears in an uptrend as a bearish reversal signal. What Is the Difference Between a Hanging Man and an Inverted Hammer? The hanging man and inverted hammer differ in both appearance and context. The former appears at the end of an uptrend as a bearish signal and has a small body and a long lower shadow, while the latter appears at the end of a downtrend as a bullish signal and has a small body and a long upper shadow. What Is the Difference Between a Red and Green Inverted Hammer? A green (bullish) inverted hammer candlestick closes higher than its opening price, indicating a stronger bullish sentiment. A red (bearish) inverted hammer candlestick closes lower than its opening, which might indicate less buying strength, but both colours can signal a reversal if followed by confirmation. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
USD/JPY : Ready for more Fall?! (READ THE CAPTION)Upon analyzing the USD/JPY chart in the daily time frame, we see that the pair is currently trading around the 157.060 level. Given the recent price action, I anticipate a significant correction in USD/JPY in the near future. The first potential target for this decline is 156.25, so keep a close eye on this level! Stay tuned for updates as we track this movement together. Let me know your thoughts in the comments below! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
41
Market Analysis: USD/JPY Corrects GainsMarket Analysis: USD/JPY Corrects Gains USD/JPY is correcting gains and now consolidates below 156.00. Important Takeaways for USD/JPY Analysis Today - USD/JPY is trading in a bearish zone below the 157.00 and 156.60 levels. - There is a connecting bearish trend line forming with resistance near 155.90 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 158.00 zone. The US Dollar gained bearish momentum below the 157.00 support against the Japanese Yen. The pair even settled below the 156.60 level and the 50-hour simple moving average. There was a spike below 155.00 and the pair traded as low as 154.77. It is now correcting losses and trading above the 50-hour simple moving average and the 50% Fib retracement level of the recent decline from the 156.58 swing high to the 154.77 low. Immediate resistance on the USD/JPY chart is near a connecting bearish trend line at 155.90. It is near the 61.8% Fib retracement level of the recent decline from the 156.58 swing high to the 154.77 low. The first major resistance is near the 156.60 zone. If there is a close above the 156.60 level and the hourly RSI moves above 60, the pair could rise toward 157.00. The next major resistance is near 157.70, above which the pair could test 158.50 in the coming days. On the downside, the first major support is near 155.35. The next major support is near the 154.80 level. If there is a close below 154.80, the pair could decline steadily. In the stated case, the pair might drop toward the 154.00 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
USDJPY Technical Analysis: Support, Breakout, and RetestUSDJPY has recently exhibited a bullish breakout pattern, breaking above a key resistance level. This breakout, followed by a retest of the broken level, presents a potential buying opportunity for traders. A clear support level has been identified at 155.200 The recent breakout occurred above a significant resistance level at 156.00 The price decisively broke above the resistance level, indicating a shift in market sentiment. A subsequent retest of the broken resistance level (now acting as support) provides a potential entry point for buyers. Stop-Loss: Place a stop-loss order below the recent swing low at 155.00 to manage risk. Take-Profit: Set a take-profit target at 157.00 which could be a previous swing high or a key resistance level. Disclaimer : This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and you should carefully consider your investment objectives, risk tolerance, and financial situation before making any trading decisions.
Long
by SOM_FX1
1
Trump, BOJ could be the ideal divergent theme for USD/JPY bearsWe've just seen the BOJ deliver a hawkish hike, where they upgraded their inflation forecasts and cited rising wage pressures. This leaves the door open for further hikes this year. Meanwhile, Trump is now trying to strongarm the Fed and global central banks to lower interest rates immediately. Together, this is the ideal divergent theme currency traders crave. And the icing on the cake for USD/JPY bears would be if Trump begins his attack on a strong USD (which I think he will). Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
1
USDJPY Short IdeaBased on the recent shift in the Bank of Japan's (BoJ) stance regarding interest rates, along with the current trends in U.S. Treasury yields, we might see a strengthening of the Japanese Yen in the coming month. The BoJ's potential policy changes signal a more hawkish approach, which could increase demand for the Yen. At the same time, U.S. Treasury yields appear to be stabilizing, reducing the divergence between the two economies' monetary policies. Considering these factors, a short position on USD/JPY could be a viable opportunity. I'll be closely monitoring key levels and economic data releases to confirm this scenario. Disclaimer: This is not financial advice. Please conduct your own research before making any trading decisions. Masoud Eskandari Trader since 2011
Short
by MasoudEskandari
Bullish bounce?USD/JPY is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 155.02 Why we like it: There is an overlap support level. Stop loss: 154.19 Why we like it: There is a pullback support level that aligns with the 138.2% Fibonacci extension. Take profit: 156.61 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bullish breakout?USD/JPY has reacted off the pivot which acts as an overlap resistance and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 156.19 1st Support: 154.76 1st Resistance: 158.16 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
UJ sell ideaAhead of Friday's expected BOJ rate hike (0.25% to 0.50%), USDJPY is at a critical juncture. Technical Insights: 1. Price found support on the 50-day moving average. 2. Lower time frames indicate a bearish bias, following the break of the ascending trend line on the 4-hour chart. Trade Plan: 1. Waiting for price reaction between the 50% and 78.6% Fibonacci retracement levels. 2. Aiming to sell on a confirmed bearish setup within this zone. 3. Alternative sell opportunity: Daily supply zone. Key Levels to Watch: - 50% and 78.6% Fibonacci retracement levels - Daily supply zone PS: This analysis is for educational purposes only and should not be considered financial advice so remember to always practice good risk management.
Short
by phoenixwicks9
USD/JPY H4 | Pullback resistance at 61.8% Fibonacci retracementUSD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 157.10 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 159.00 which is a level that sits above a swing-high resistance. Take profit is at 155.09 which is a multi-swing-low support that aligns close to the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
USDJPY WANT BULLISH TREND @155.65📊 USD/JPY Forecast & Level Analysis The USD/JPY currency pair has exhibited strong bullish momentum following the formation of a double bottom at the key support level of 154.60. This bullish pattern has been confirmed by the emergence of a strong bullish candle, signaling a potential upward trend. Currently, USD/JPY is trading near 155.50, and all technical indicators point toward a bullish continuation. Traders should watch for price action at critical levels. Key Levels to Watch: Resistance Zone: 156.30 Support Zone: 154.65 🎯 Targets: First Target: 158.00 Second Target: 159.00 📈 Strategy Insight: Buy on dips near 155.50, with stops below the 154.60 support zone. Monitor for bullish confirmation candles as USD/JPY approaches resistance at 156.30. A breakout could propel the pair toward the defined targets.
Long
by DOLLARMAN_FOREX_TRADER