USDJPY | Perspective for the new week | follow-up details
This is a follow-up detail on my previous analysis of the USDJPY where I am still holding on to a bullish bias in the coming week. In this video, I shared my technical opinion on my expectation this week as I look forward to a potential rally continuation above the 137.000 area.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
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.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
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.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
The outright breakout of 137.700 is a strong bullish move. Waiting for confirmation
good morning
good morning
Trade active:
Waiting for buy momentum at the end of the current retracement move
Good morning
Good morning
Trade active:
Price has been choppy in the last 48 hours and if I do not see price action within my buy zone. I will pass this trade.
Good morning
Good morning
Trade active:
The USD has been very strong since the beginning of the week and the choppy scenario after the test of the 139 zone appears to have evolved into a bullish rectangle pattern hence if the price decides not to plunge to the downside into the buy zone identified earlier then a breakout/retest of this rectangle could incite a strong bullish move.
Trade active:
with over 70pips in the projected direction, we finally witnessed a breakout of the channel to project a bullish trend continuation. Is there going to be a retest of the structure to welcome an addition to the existing position?
Good morning
Good morning
Trade closed: target reached:
TP target hit
Trade closed: target reached:
Trade active:
After taking some profit, I plan to take another bullish opportunity. Let's see if the breakout of 140.400 level is a bullish signal.
Trade smart. Trade consciously
