Area618

Area618

GBP/JPY is poised for a bullish move due to several key factors. First, the GBP is showing strength against the JPY, supported by recent positive economic data from the UK, including stronger-than-expected GDP growth and rising consumer confidence. Additionally, the Bank of England has indicated a more hawkish stance on interest rates, which is likely to continue...

Area618 Updated 

BTC/USD is likely to approach $62,200 today due to key technical and market dynamics. The pair has encountered significant resistance near $64,000, with multiple failed breakout attempts signaling a potential shift in momentum. With decreasing volume on recent upward movements, market liquidity appears thin, creating a ripe environment for downside volatility. As...

Area618

The current entry point is high-risk, given that we have yet to see a clear confirmation of downward momentum. I anticipate a potential retest around the $63,700 level before any significant push towards higher targets within this bullish trend. However, this idea is more of a general strategy rather than an exact entry point. For precision, I would require...

Area618

Bitcoin's price is currently facing resistance around the $62,000 mark. After a strong rally earlier this month, reaching a peak near $61,000, it has struggled to maintain upward momentum. Contributing factors include significant sell orders totaling around $50 million and large-scale sales by entities like the U.S. government and FTX creditors. Additionally,...

Area618

This week, prevailing market dynamics suggest a bearish sentiment for the EUR/JPY exchange rate, propelled by a convergence of influential factors. Foremost among these is the European Central Bank's cautious monetary policy stance in response to lingering concerns surrounding inflationary pressures and economic recuperation within the Eurozone. Compounded by...

Area618

Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke the support zone of 127.500. The eurozone retail sales date (Actual:0.2%, Forecast: 1.5%, Previous: -3.0%) released last Friday indicated a slowdown in consumer spending in January Currently, EUR/JPY is testing the support zone of 125.000 and the next resistance zone is at 127.500. Look for...

Area618

We are close to Christmas weekend, markets are trading in a sideways range. EurJpy seems to be at the higher end of the range, we are looking to target shorts to the bottom end of the range around 128.800. Something to look out for during these times are random volatile spikes in price, make sure stops are well placed because the market will spike up or down to...

Area618

Buys for EURJPY. Quick swing into 128.200, New York may push to that level and then get rejected to end the week consolidating around these levels

Area618

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Area618

Heavy bearish close last week as we tapped into the recent highs set the week of Jan 4 , we corrected the move and continued the break below 127.076 and 126.818. We closed the week with lows New York set at 125.371. With JPY news coming out today 11:30EST, we can expect some sort of volume heading into London session. Not much volume expected until later Monday...

Area618 Updated 

Key Levels: Daily High- 127.500 Previous daily resistance- 127.075 Previous daily low- 126.819 Daily support- 126.256 Looking for a break of previous day low and a push into 126.250 Idea not valid if we break up past 127.075

Area618

Move stops to BE after significant push into profits

Area618

test

Area618 Updated 

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Area618

Entry:122.783 stop:122.950 Tp:122.400

Area618

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Area618

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Area618

Strong selling pressure, if we can maintain resistance around Asian low/4hr KEY ZONE /Psychological pricing, we have a good probability of continuing the move down to try and make new lows. Wait for time frames to align before entering.