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

With the appearance of a potential reversal pattern in the 4H timeframe; I am of the opinion that the USDJPY pair seems poised to register weekly gains for the first time in a couple of weeks. And to further buttress this is the fundamental indicator from data showing a sudden rise in the US jobless claims hereby indicating a cool effect in the labor market. With this reading, the sentiment in the market remains "hopeful" as key players expect there could be limited headroom to keep raising interest rates, especially in the face of a potential banking crisis. In this video, we took a technical dissection of the current market structure to weigh in on the potential trading opportunity for the coming week(s).

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:

Bullish momentum appears to be confirmed as price action breakout/retests the resistance line for the week at the 133.400 Level. See you at the morning live session soon

Good morning

Trade active:

Fall out from our live studio session this morning

Trade active:

Secure all sell position as sell-stop orders gets triggered at the key levels identified

Trade active:

Secure all sell positions

Trade closed manually:

After being taken out of all the sell position with approximately 100 pips. A simple set-up is identified to guide trading activities for today

Good morning

Trade active:

15-minute outlook

The fallout from our morning live session

Trade active:

Secure sell position

Trade active:

Secure sell position

Trade active:

Secure sell poisiton. Update coming up soon

Good morning

Trade active:

New set-up identified on a lower time frame... see you soon at the live studio session

Trade closed manually:

Manually close the sell position and set a re-entry sell stop order due to the sharp rejection of the support line at the 131.400 area. The current buy pressure has a tendency to breakout/retest the 131.800 level.

Trade active:

Secure sell position

Trade closed manually:

Price action takes out the sell position with a small profit but the appearance of a double bottom pattern is a suspect that bullish momentum might likely come in anytime soon. So, we need some further confirmation to be sure of the next line of action. An update coming up soon.

Good morning

Trade active:

Fall out from our morning live session

Trade active:

Secure buy positions

Trade active:

Securing the buy position; detail review of market structure in anticipation of the NFP at our morning live session.

Good morning

Trade active:

Secure buy positions

Comment:

The Greenback's immediate reaction to the below expectation of NFP data has been bullish so far. Ensure position is secured

Trade active:

Trade active: