At present, the USDJPY currency pair appears to be in an accumulation phase, as evidenced by the absence of significant price movement throughout the current week. Several factors contribute to this trend.
Firstly, several significant economic events are scheduled for this week, particularly tomorrow and Friday. These developments hold substantial implications for the future trajectory of the USDJPY pair. Consequently, there exists a possibility that the price may experience a decline prior to initiating a bullish trend.
Secondly, there are two primary areas where the price could reverse its course. The extent to which the USD reacts to the economic data will serve as an indicator of the potential reversal zones.
It is imperative that you conduct your own analysis before making any financial decisions. This chart should be utilised solely for educational purposes and does not guarantee any specific outcome.
Regarding the stop loss, as this is a swing trade, it is advisable to employ a larger stop loss if the price reaches entry zones. The take profit level can be determined based on your entry type and analysis.
We wish you the best of luck in your trading endeavours and emphasise the importance of trading safely.
Kindly share this analysis with others through likes, comments, and social media platforms. If you have any questions or require further assistance, please do not hesitate to comment below. We are here to provide support.
Team Setupsfx_
❤️🚀
Firstly, several significant economic events are scheduled for this week, particularly tomorrow and Friday. These developments hold substantial implications for the future trajectory of the USDJPY pair. Consequently, there exists a possibility that the price may experience a decline prior to initiating a bullish trend.
Secondly, there are two primary areas where the price could reverse its course. The extent to which the USD reacts to the economic data will serve as an indicator of the potential reversal zones.
It is imperative that you conduct your own analysis before making any financial decisions. This chart should be utilised solely for educational purposes and does not guarantee any specific outcome.
Regarding the stop loss, as this is a swing trade, it is advisable to employ a larger stop loss if the price reaches entry zones. The take profit level can be determined based on your entry type and analysis.
We wish you the best of luck in your trading endeavours and emphasise the importance of trading safely.
Kindly share this analysis with others through likes, comments, and social media platforms. If you have any questions or require further assistance, please do not hesitate to comment below. We are here to provide support.
Team Setupsfx_
❤️🚀
10+ Years of Experienced Team Based in the UK 🇬🇧
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
10+ Years of Experienced Team Based in the UK 🇬🇧
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.