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2 hours ago

If you have any uncertainties or would like to discuss my viewpoint further, please let me know. The market is fair, and those who master analysis can profit. However, a lack of knowledge often leads to losses. While some may enjoy fleeting luck, sustainable success is rooted in careful analysis. I’m here to provide any support you need!

Based on USDJPY levels (Low: 151.284, High: 156.751) and current price at 154.34, here's a detailed analysis:

Fibonacci Retracement Levels
23.6%: 155.456
38.2%: 154.638
50%: 154.018
61.8%: 153.397
78.6%: 152.452

Fibonacci Extension Levels
127.2%: 158.242
161.8%: 160.183
261.8%: 165.683

Market Context Analysis
Current price (154.34) is positioned between 38.2% and 50% Fibonacci retracement levels, suggesting a neutral to slightly bullish bias in the immediate term.

Intraday Trade Setups
Buy Setup #1
Entry: 154.340 (Current Market Price)
Stop Loss: 153.980
Take Profit 1: 154.850
Take Profit 2: 155.450

Reason: Price finding support at 38.2% Fibonacci level with potential for upward movement

Buy Setup #2
Entry: 153.400 (61.8% Fibonacci)
Stop Loss: 153.150
Take Profit 1: 154.020
Take Profit 2: 154.640

Reason: Strong support at 61.8% Fibonacci level with bullish reversal potential

Sell Setup #1
Entry: 155.450 (23.6% Fibonacci)
Stop Loss: 155.700
Take Profit 1: 154.640
Take Profit 2: 154.020

Reason: Resistance at 23.6% Fibonacci with bearish reversal potential
Sell Setup #2

Entry: 154.640 (38.2% Fibonacci)
Stop Loss: 154.890
Take Profit 1: 154.020
Take Profit 2: 153.400

Reason: Key resistance at 38.2% Fibonacci level showing bearish pressure
Swing Trade Analysis
Bullish Swing Setup
Entry Considerations:

Primary Entry Zone: 154.340 - 154.640
Secondary Entry Zone: 153.397 (61.8% retracement)

Target Levels:
First Target: 155.456 (23.6% retracement)
Second Target: 156.000
Extended Target: 156.751 (Swing high)
Risk Management:

Stop Loss: Below 153.980
Position Sizing: Maximum 1% risk
Scale out at each target level
Bearish Swing Setup
Entry Considerations:

Primary Entry Zone: 155.456 - 155.700
Secondary Entry Zone: 156.000

Target Levels:
First Target: 154.018 (50% retracement)
Second Target: 153.397 (61.8% retracement)
Extended Target: 152.452 (78.6% retracement)

Risk Management:
Stop Loss: Above 156.000
Position Sizing: Maximum 1% risk
Trail stops as price moves favorably

Trade Management Tips
Partial profit-taking at each target
Trail stops after first target hit
Monitor price action at key Fibonacci levels
Consider correlation with other JPY pairs
Watch for Bank of Japan interventions

Key Price Action Zones
Strong Support Zones:
153.397 - 153.450
152.452 - 152.500
151.284 - 151.300

Strong Resistance Zones:
155.456 - 155.500
156.000 - 156.100
156.751 - 156.800

Important Trading Notes
Monitor Japanese monetary policy statements
Watch for volatility during Asian session
Keep track of US-Japan interest rate differentials
Consider market sentiment and risk appetite
Be aware of potential intervention levels

Remember to:
Always use proper position sizing
Monitor economic calendars
Adjust stops based on volatility
Consider market conditions before entry
Watch for intervention risk at extreme levels

These setups provide a structured approach to trading USDJPY while maintaining proper risk management principles.