USDJPY | Perspective for the new week | follow-up details

It was a rollercoaster of buys and sells during the course of last week's trade session as price action traded around the key level identified around the 131.000 level to emphasize a level of indecision in the market. Japan CPI inflation dips from over 40-year highs in Feb and the reading was at its lowest level since September 2022 but was still well above the BoJ's annual target of 2%. Readings came in at 3.3% down from 4.3% in the prior month... Next week is coming with a couple of fundamental activities that will bring some liquidity to the market; from the BoJ governor's press conference about monetary policies in Tokyo to the GDP data from the US docket. In this video, we technically analyzed the market structure with the intent of identifying potential trading opportunities in the coming week(s).

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You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Past performance is not necessarily indicative of future results.

עסקה פעילה:

The new week has started on a bullish note as price action breaks above the resistance line for the week at the 131.000 level - a zone that is noted for being a strong memory for buying power in the last 8 months. So, buying pressure above this level will be a confirmation of buying opportunities.

Good morning

עסקה פעילה:

עסקה פעילה:

Secure buy position

עסקה פעילה:

secure all buy positions as second position is triggered

עסקה פעילה:

Secure buy positions as selling pressure resumes

עסקה פעילה:

After being taken out with a small profit, price action drops and breaks down the key level at the 131.000 level. So, it's important that we remain patient here to see how the price will react to the 131.000 level for our next line of action.

Good morning

עסקה פעילה:

30 minute outlook

עסקה פעילה:

Price action takes out the buy position as it makes attempt to breakdown the bullish trendline identified earlier. Breakdown/retest of the 131.550 will welcome selling opportunities.

עסקה פעילה:

עסקה פעילה:

Buy position triggered at the breakout of both the 131.000 and 131.700 levels. Secure all buy position, I will be seeing you in the live session in a moment

Good morning

עסקה פעילה:

עסקה פעילה:

Secure all buy positions

עסקה פעילה:

Secure all buy position as we currently have 3 positions running in profit

עסקה פעילה:

Price action takes out all the buy positions with approximately 300pips in profit as selling pressure resumes. Waiting for structures to mature, update coming soon. We shall talk about this in detail during our morning live session.

Good morning

עסקה פעילה:

Find an update here just as illustrated during our live session. Please take note of my observation regarding the potential counter-trend opportunity. You might want to re-watch the video

הערה:

QUICK UPDATE

No trades yet and it's looking more bearish at this juncture where a breakdown/retest of the 132.320 level will welcome selling opportunities.

עסקה פעילה:

Secure all buy positions

עסקה פעילה:

Trendline remains our guide for trading activities today

העסקה בוטלה באופן ידני:

Price action takes out the buy position as selling pressure resumes

עסקה פעילה:

Fresh last minute outlook on 1H timeframe

עסקה פעילה:

secure sell position