USDJPY: CURVE ANALYSIS (1D)
-SL @ 151.95 🚫
SLO @ 147.59 (conservative) ⏳
SSO @ 146.84 (moderate) ⏳
TP1 @ 143.60 (shaving 25%)
TP2 @ 139.60 (shaving 25%)
TP3 @ 136.70 (shaving 25%)
TP4 @ 132.20 (shaving 25%)
TP5 @ 129.60 (closing ALL Sell Orders)
BLO @ 128.50 (1D) ⏳
-SL @ 127.22 🚫
NOTES:
PA has been hanging out in the Supply Zone for over 95 days!!!
📉 AND NOW, it's ready to tank from here
✨TECHNICAL ANALYSIS
The USDJPY is currently trading at 147.243, down 2.2769% from the previous close. The pair is currently in a downtrend, as evidenced by the following technical indicators:
— Moving averages: The 20-day, 50-day, and 200-day moving averages are all sloping downwards. This suggests that the downtrend is likely to continue.
—Relative strength index (RSI): The RSI is currently at 32.25, which is below the 30 level that is considered to be oversold territory. This suggests that the pair may be due for a bounce.
— MACD: The MACD is currently below the signal line, which is another indication that the downtrend is likely to continue.
✨FUNDAMENTAL ANALYSIS
The USDJPY is a popular currency pair to trade because it is considered to be a safe haven currency. This means that investors tend to buy USDJPY when they are worried about the global economy.
The Japanese yen is also considered to be a currency that is sensitive to interest rate differentials. This means that the USDJPY tends to rise when interest rates are higher in the United States than in Japan.
SLO @ 147.59 (conservative) ⏳
SSO @ 146.84 (moderate) ⏳
TP1 @ 143.60 (shaving 25%)
TP2 @ 139.60 (shaving 25%)
TP3 @ 136.70 (shaving 25%)
TP4 @ 132.20 (shaving 25%)
TP5 @ 129.60 (closing ALL Sell Orders)
BLO @ 128.50 (1D) ⏳
-SL @ 127.22 🚫
NOTES:
PA has been hanging out in the Supply Zone for over 95 days!!!
📉 AND NOW, it's ready to tank from here
✨TECHNICAL ANALYSIS
The USDJPY is currently trading at 147.243, down 2.2769% from the previous close. The pair is currently in a downtrend, as evidenced by the following technical indicators:
— Moving averages: The 20-day, 50-day, and 200-day moving averages are all sloping downwards. This suggests that the downtrend is likely to continue.
—Relative strength index (RSI): The RSI is currently at 32.25, which is below the 30 level that is considered to be oversold territory. This suggests that the pair may be due for a bounce.
— MACD: The MACD is currently below the signal line, which is another indication that the downtrend is likely to continue.
✨FUNDAMENTAL ANALYSIS
The USDJPY is a popular currency pair to trade because it is considered to be a safe haven currency. This means that investors tend to buy USDJPY when they are worried about the global economy.
The Japanese yen is also considered to be a currency that is sensitive to interest rate differentials. This means that the USDJPY tends to rise when interest rates are higher in the United States than in Japan.
Trade active:
🔄 Unfortunately, I'm anticipating an UT retracement to about 148.19 (2H) before returning to its short
🖥 Lot's of News coming up, so it makes sense if they do a fake out then drop.
🖥 Lot's of News coming up, so it makes sense if they do a fake out then drop.
Trade closed manually:
✨UPDATE
— As anticipated, the USDJPY tanked 3.87% from the previous close.
— I closed my trade @ 146.20 for a profit of +280 pips
— The pair is currently in a UT retracement
— Conservative option is to wait and short again from 147.00
— As anticipated, the USDJPY tanked 3.87% from the previous close.
— I closed my trade @ 146.20 for a profit of +280 pips
— The pair is currently in a UT retracement
— Conservative option is to wait and short again from 147.00
Professor C. E. Ward
