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

Following a profitable week, price action is at a critical juncture in the market where both a bullish and bearish momentum could be triggered in the new week. The new week is laced with a series of macroeconomic events; so we shall be focusing on the fundamental event for signals to make an informed decision.
BoJ Monetary Policy Meeting Minutes - its first following Governor Kuroda’s departure is going to be closely watched and from the US docket, the monthly inflation report coming up this week is also an event to look forward to. In this video, we dissected the current market structure from a technical standpoint in other to take a position ahead of the new week.

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:

We are waiting for a breakout of channel for trading opportunities.

Good morning

Trade active:

Secure sell position as we use the bearish trendline as yardstick for trading activities for today

Trade active:

Secure sell position

Trade closed manually:

The sell position is taken out as price action comes back to the entry zone. The bearish trendline remains our yardstick for trading activities as a breakout will welcome buying opportunities.

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15 min OUTLOOK

secure sell position as we look forward to more opportunities as long as price remain below the bearish trendline

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Sell pressure continues. Update coming up soon

Good morning

Comment:

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Buying pressure resumes triggering buy stop at the 134.000 level as we use the newly identified bullish trendline as a guide for the bullish momentum

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We are still holding on to the bullish bias

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Secure buy position

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QUICK UPDATE

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Buying pressure continues a secure position as we look forward to more buying opportunities at the breakout/retest of the 134.700 Level

Good Morning

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Watch the replay of our live session on my channel if you missed it for detail review and trade management on this pair

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Secure sell positions as price action breakdown the 135.200 level as projected hereby taking out the buy positions.

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secure sell positions as the second position is triggered

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OUTLOOK on 15-minute timeframe

With the appearance of buying pressure around the 132.500/132.250 zone; we want to be considering a potential reversal set-up. Update coming soon

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Time to secure our buy position

Comment:

Trade closed manually:

The buy position closes at break-even as price action continues to consolidate. A simple set up is identified on the 30-minute times as we wait out for trading opportunities. Join our morning live session

Good morning

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secure sell position

Comment:

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Bearish trendline remains our yardstick for selling opportunities, however, if a breakout of the trendline happens, we shall look out for buying opportunities. Update coming soon

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So, the breakout of the trendline triggers a buy position as we look forward to adding more positions at the breakout/retest of 133.800. Secure buy positions

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Good morning

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Sell position triggered after action takes out the buy position

Trade active:

Secure sell position as buying pressure resumes

Comment:

15 minutes in the consumer sentiment index release.
Breakout/retest of the 132.500 level will be considered for buying opportunties