Phenixjh

Phenixjh

Entry: 1.33459 Stop Loss: 1.32922 (53,7 pips) Take Profit: 1.36188 (272,9 pips)

Phenixjh

Idea of assembly on a JPY currency basis, Attention all these ideas are not to take but you can use them to develop your strategies for this week.

Phenixjh Updated 

CHFJPY - The margin on the 8hr and 1D RSI has exceeded the 70 point threshold, to predict a next drop we wait for the confirmation on the 1hr/2hr/4hr RSI. And then we also reach the threshold of the highest since September 22, 2022.

Phenixjh

EURJPY - On the margin of touching its highest since 21 October 2022 (148,377), several "imbalances" to touch. With a threshold at 144.495 for the 1st TP. Caution, risk remains high following numerous news reports. RSI at its highest on the 1H/4H/8h/12H.

Phenixjh

GBPJPY Buy LIMIT Entry: 149.300 Stop Loss: 148.757 (54.3pips) Take Profit: 152.318 (301.8pips) RR 5.56

Phenixjh

The index is favourable to a rise but care should be taken as the USD pair should fall

Phenixjh

With the current configuration we can see a bearish movement on the USD pairs which is associated with the USD index.