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

Though within a range, the US dollar was able to incite bullish traction last week as the 131.000 level remains a zone for buying power and a strength for the Dollar is likely following the Federal Reserve Governor Christopher Waller's comment on more monetary tightening despite evidence of a steady drop in inflation figures. Higher interest rates tend to benefit the dollar and this could incite a bullish trend in the coming week(s) which could lead to the break of the 133.800 barrier. From a technical standpoint, this video illustrates what we are going to be looking at in the coming week to either buy or sell the USDJPY.

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액티브 트레이드:

A choppy situation is observed above the key level identified in the video at 133.800 level. Waiting for a signal

Good morning

액티브 트레이드:

Buy position triggered

액티브 트레이드:

Time to secure buy position

액티브 트레이드:

Selling pressure resumes as buyers find it difficult to break the 134.550 barrier.

Good morning

액티브 트레이드:

Secure sell position

액티브 트레이드:

Secure sell position

액티브 트레이드:

Secure sell position as buying pressure resumes. Looking forward to buying the breakout/retest of the 134.200 if price action stops finding a lower low.

액티브 트레이드:

Secure all buy positions

액티브 트레이드:

After being taken out of the buy positions, just as discussed during our live session this morning - we are beginning to see some bullish traction around the 134.550 zone. It is most appropriate to look out for buying opportunities above this level to join a potential trend continuation. Update coming up soon

액티브 트레이드:

Secure buy position

매매 수동청산:

Sell pressure continues hereby taking out the buy position.

Good morning

액티브 트레이드:

Fall out from our live session today

액티브 트레이드:

Just as discussed during our live session today; selling pressure continues where a breakdown/retest of the trendline and demand zone will be welcoming selling opportunities.

액티브 트레이드:

Secure sell position

액티브 트레이드:

Secure all sell positions as buying pressure is observed at the neckline of the reversal pattern identified on the daily time frame at the 133.800 zone.

Good morning

액티브 트레이드:

Following our last discourse on the importance of the key level at the 133.800 level during the live session today, a simple set-up is identified in the 15-minute timeframe.

코멘트:

UPDATE

액티브 트레이드:

Secure all buy positions