Filling the USDJPY price gap. The price is in the Daily S&D zone, which could help push the price towards Friday's highs.
An opportunity with a 72% probability of a rebound to the price zone 1.3466/76. Based on the Supply and Demand zones, previous new lows, breaking out of the demand zone, and today's high ATR above the previous 5-day average. I don't think that this place will be a trend change point, but more like a rebound where you can earn around 50-70 pips.
Buy option with 80% probability of a rebound to the price zone 0.6920/00. Based on Supply and Demand daily and h4 tf zones. In addition, the price will be based on up trendline and Weekly camarilla pivots. I don't think this place will be a trend change point, but more like a rebound where you can earn around 100 pips. I will be buying, when the price enters the zone.
USDJPY, like USDX and other correlating pairs, forms a base for a rally or further decline. If the USD goes up, I think it could happen quickly. The overall market willingness to buy back the price seems quite optimistic, but the downward trendline is very strong. Until the trendline is broken, the uptrend is not worth thinking about.
I have been following USDCAD for some time to understand what will happen with the Daily demand zone. It has been tested several times and it is starting to look like the price does not want to climb back up, at least not from this price zone. What are your thoughts?
The UK 100 index is making a correction. The price has the potential to break the trend line and continue to new highs. Or does it want to reach the daily resistance zone?