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

It was a rollercoaster of buys and sells during the course of last week's trade session as price action traded around the key level identified around the 131.000 level to emphasize a level of indecision in the market. Japan CPI inflation dips from over 40-year highs in Feb and the reading was at its lowest level since September 2022 but was still well above the BoJ's annual target of 2%. Readings came in at 3.3% down from 4.3% in the prior month... Next week is coming with a couple of fundamental activities that will bring some liquidity to the market; from the BoJ governor's press conference about monetary policies in Tokyo to the GDP data from the US docket. In this video, we technically analyzed the market structure with the intent of identifying potential trading opportunities in the coming week(s).

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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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Trade active:

The new week has started on a bullish note as price action breaks above the resistance line for the week at the 131.000 level - a zone that is noted for being a strong memory for buying power in the last 8 months. So, buying pressure above this level will be a confirmation of buying opportunities.

Good morning

Trade active:

Trade active:

Secure buy position

Trade active:

secure all buy positions as second position is triggered

Trade active:

Secure buy positions as selling pressure resumes

Trade active:

After being taken out with a small profit, price action drops and breaks down the key level at the 131.000 level. So, it's important that we remain patient here to see how the price will react to the 131.000 level for our next line of action.

Good morning

Trade active:

30 minute outlook

Trade active:

Price action takes out the buy position as it makes attempt to breakdown the bullish trendline identified earlier. Breakdown/retest of the 131.550 will welcome selling opportunities.

Trade active:

Trade active:

Buy position triggered at the breakout of both the 131.000 and 131.700 levels. Secure all buy position, I will be seeing you in the live session in a moment

Good morning

Trade active:

Trade active:

Secure all buy positions

Trade active:

Secure all buy position as we currently have 3 positions running in profit

Trade active:

Price action takes out all the buy positions with approximately 300pips in profit as selling pressure resumes. Waiting for structures to mature, update coming soon. We shall talk about this in detail during our morning live session.

Good morning

Trade active:

Find an update here just as illustrated during our live session. Please take note of my observation regarding the potential counter-trend opportunity. You might want to re-watch the video

Comment:

QUICK UPDATE

No trades yet and it's looking more bearish at this juncture where a breakdown/retest of the 132.320 level will welcome selling opportunities.

Trade active:

Secure all buy positions

Trade active:

Trendline remains our guide for trading activities today

Trade closed manually:

Price action takes out the buy position as selling pressure resumes

Trade active:

Fresh last minute outlook on 1H timeframe

Trade active:

secure sell position