USDJPY Today go for short but just focus on important levels. upvote and follow me if you agree. SUPPORT LEVELS: 155.2 RESISTANCE LEVELS: 156.50, 157.11.
β Support (Below DCMP) Support 1: 155.836 Support 2: 154.014 Support 3: 152.888
Summary of Analysis The USDJPY index is currently positioned at 156.664. Key resistance levels are 157.657, 158.783, and 160.605, while support levels are 155.836, 154.014, and 152.888. The swing high stands at 156.751, and the swing low is at 149.362.
Suggested Trades
πΌ Intraday Buy Trade
Entry Price: β¨ 155.836 Stop Loss: β 155.546 Take Profit 1: π― 156.013 Take Profit 2: π― 156.767
π Reason for Entry The price is approaching a key support level at 155.836, indicating a favorable buying opportunity.
πΌ Intraday Sell Trade
Entry Price: β¨ 157.657 Stop Loss: β 157.988 Take Profit 1: π― 158.742 Take Profit 2: π― 160.605
π Reason for Entry Resistance at 157.657 suggests a potential selling opportunity, with targets set below this level.
π‘ Conclusion This USDJPY analysis provides valuable insights into key levels and trade opportunities. By monitoring these levels, traders can make informed decisions in the dynamic market environment. Happy trading!
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π Reason for Entry: Strong Fibonacci support at 152.780 indicates potential bullish momentum. Price action and technical indicators suggest an upward move targeting 152.950 and 153.120.
π Reason for Entry: Resistance at 153.382 aligns with key Fibonacci retracement levels, indicating potential bearish pressure. Expected targets are 153.200 and 153.000.
π‘ Summary USDJPY is trading near a strong support level at 152.780 and a resistance level at 153.382. The buy setup anticipates a bounce from support, while the sell setup expects a reversal from resistance.
π Reason for Entry: Strong support at 152.561 aligns with bullish sentiment, targeting key resistance levels at 153.010 and 153.382.
πΌ Intraday Sell Trade Setup πΉ Entry Price: β¨ Not Available
π Reason: Intraday sell setup criteria are not met above the DCMP.
π‘ Summary USDJPY is trading at 153.649, with key resistance levels at 153.382, 153.010, 152.780 and support levels at 152.561, 152.409, 152.037. Swing high is noted at 156.751, and swing low is at 151.284. A buy trade near 152.561 is favorable, targeting 153.010 and 153.382. No valid sell setup is identified above the current price.