📌 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.
📌 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.
💡 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.
📌 Reason for Entry: Strong support at 152.561 aligns with bullish sentiment, targeting key resistance levels at 153.010 and 153.382.
💼 Intraday Sell Trade Setup 🔹 Entry Price: ✨ Not Available
📌 Reason: Intraday sell setup criteria are not met above the DCMP.
💡 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.
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Hello Traders, I would like to share my daily analysis and quality intraday setups for different assets such as XAUUSD, EURUSD, US30, USDJPY, GBPUSD. Please feel free to ask any questions. I am here to help you. Lets learn together.
Entry➤ 153.031 Stop Loss➤ 152.700 Take Profit 1➤ 153.400 Take Profit 2➤ 153.800
Reason for Entry: The buy setup aligns with a strong daily support level at 153.031, coinciding with a Fibonacci retracement zone. Price action suggests potential for a rebound, supported by bullish momentum indicators.
🔹Sell Setup
Entry➤ 154.644 Stop Loss➤ 154.900 Take Profit 1➤ 154.300 Take Profit 2➤ 153.900
Reason for Entry: The sell setup is based on a key resistance level at 154.644. This area has historically acted as a pivot point, and bearish divergence in the indicators supports the possibility of a downward retracement from this zone.