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

The US dollar pulled back a bit during the trading session on Friday as it looks like a potential sell-off in the short term is building up behind the scenes. Overall CPI inflation in Tokyo, rose 3.4% in February, compared to a 4.4% rise in the prior month - a negative variance of 1.0% which doesn't appear rosy for the Yen. The Bank of Japan continues to print more Yen in order to keep interest rates down and recently the Bank of Japan hinted that inflation will ease in the near term and that its 2% annual target will be achieved anytime soon and has projected 2025. From a technical standpoint, this video illustrates a potential trading opportunity around the 135.800 zone in the coming week.

01:00 Reference to last week's daily commentaries and results
03:49 USDJPY analysis on Daily Timeframe
07:53 Macroeconomic event for the week
09:59 USDJPY analysis on the 4H Timeframe
12:45 Conclusion on next week's projections

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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.

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The week appears to have started on a bearish note as price action breaks down the 135.800 level - the support line for the week. Remember, that we are a strong demand zone which was identified in the video hence the need to secure any sell position below the 135.800 level by moving the stop-loss accordingly. A further breakdown of the 135.300 zone will be a significantly bearish signal. Update coming soon.

Good morning

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Reversal pattern identified

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Buying pressure continues

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Price action takes out all buy positions as selling pressure resumes. We wait for a breakout or breakdown of the current channel for trading opportunities as everyone looks forward to Fed Chair Jerome Powell's testification before the US Congress today. Update coming up soon... join my live session in 30 minutes

Good morning

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Secure the sell position

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Price action takes out the sell position at break even. Watch the replay of our live studio session for details on how to manage the trade

Comment:

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Secure buy position

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Secure buy positions

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Fed Chair is currently testifying, secure all buy position

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Secure all buy positions

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A total of 140 pips in profit (2 positions); secure all buy position as we look forward to more opportrunities

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Third position was triggered as price action break out at the 137.00 level. Secure all positions

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With over 350 pips in profit (3 positions) as price action hits TP target. We look forward to more opportunities to buy as price trades at the 137.500

Good morning

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A counter-trend opportunity was identified during our live session as we have a sell position triggered. Secure position

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The second position was triggered as price action approaches the TP target zone. Secure all buy positions

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We are not getting carried away with this h momentum as the current structure still has a high chance for buying opportunities as price trades within the potential buy zone identified during our live session today. Awaiting a reversal pattern. Update coming up soon

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Following positive ADP data; buying pressure resumes from the buy zone identified earlier.

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Secure buy positions

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Profit-taking activities continue as price action breaks down the 136.800 level

Good morning

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What we saw at the just concluded live session

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15-minute OUTLOOK

With buying pressure observed within the potential demand zone, this is what was identified

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STRUCTURAL UPDATE

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Stay calm! We are still waiting for trading opportunities

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BUy position triggered

Good morning

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NEw structures identified during our live session

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Sell position is triggered at 136.450 and price action takes out the buy positions. Secure sell position

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180 pips running in profit; secure sell position.

Happy weekend to everyone!