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

The crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's balance sheet grows stronger and we can not ignore the upcoming Federal Reserve decision which will trigger a risk-aversed perspective.

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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.
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Past performance is not necessarily indicative of future results.

Trade active:

The week has started on a bearish note as price action breaks out of the channel and appears breakdown/retest the 131.000 level for more selling opportunities.

Good morning

Trade active:

Secure sell positions

Trade active:

A reversal pattern identified in the 15-minute timeframe as buying pressure resumed above the 131.000 level - a level known for buying memory in the last 10 months

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Trade closed manually:

After being taken out of the buy position, it appears the bulls could not sustain the momentum thereby leading to price dropping below 131.450. So, the newly identified bullish trendline will be used as a guide as a breakdown/retest of this trendline will incite selling opportunities.

Trade active:

Re-entry triggered, secure the current position as we look forward to more buying opportunities if the price remains above structure. Join our morning live session for more details

Good morning

Trade active:

Second buy position triggered, secure all positions

Trade active:

Trade active:

Trade active:

Secure all buy positions

Trade active:

Secure all buy positions as the tendency of a continued bullish momentum still exists. However, a breakdown of the 132.250 level could incite selling opportunities but will need some confirmations to join.

Good morning

Trade active:

Secure all buy positions

Trade active:

Price action takes out the buy positions with approximately 150 pips in profit as I missed this impulse leg following the interest rate hike decision. Waiting for normalcy... uopdate coming up soon

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Simple set up on the 15 minutes timeframe

Comment:

Sell position triggered, secure position as we look out for more opportunities to add to our existing position.

Good morning

Trade active:

Just as discussed during our live session today, a reversal pattern is observed

Trade active:

Secure buy positions

Trade closed manually:

Price action takes out the buy position with a small profit

Trade active:

Secure sell positions as price action continue to trade below the 131.000 level; a break out/retest of the 131.000 level will resume buying opportunities.

Good morning

Trade active:

Secure sell positions as price action continue to trade below the 131.000 level; a breakout/retest of the 131.000 level will resume buying opportunities.

Good morning

Trade active:

Just as discussed during our live session this morning, secure all buy positions as the second position is been triggered.

Trade active:

Just as discussed during our live session today, we are not negating the potential of the buyers as a breakout/retest of the wedge could welcome buying opportunities. Ensure all sell positions are secured

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OUTLOOK on the 15 minutes timeframe

Comment:

Trade active:

Secure buy position

Trade active:

Secure position

Trade active:

UPDATE