U.S. Dollar / Japanese Yen
Hello and Respect to Dear Traders
Last week, we received the necessary confirmations for the bullish trend of the Japanese yen chart, and we were waiting for the price to return to an optimal buying range. At this hour, I have obtained the essential confirmations, and we can utilize the 15-minute timeframe for optimal entry.
Specifically, based on recent fundamental news, the Japanese government has announced that interest rates in the country will not change in the near future, which could help strengthen the yen and boost its price. Therefore, this presents a suitable opportunity to enter a long-term buy position on the daily timeframe.
Keep in mind that this currency can be held until the main target.
Important Points:
Liquidity Daily: 156.755
IFC 4 H Candle: 157.617 & 158.136
And finally, our main target is 158.874.
Thank you for your support. A very simple and clear chart has been drawn for your use.
Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Center (Forex)
Risk Disclosure:
Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
Last week, we received the necessary confirmations for the bullish trend of the Japanese yen chart, and we were waiting for the price to return to an optimal buying range. At this hour, I have obtained the essential confirmations, and we can utilize the 15-minute timeframe for optimal entry.
Specifically, based on recent fundamental news, the Japanese government has announced that interest rates in the country will not change in the near future, which could help strengthen the yen and boost its price. Therefore, this presents a suitable opportunity to enter a long-term buy position on the daily timeframe.
Keep in mind that this currency can be held until the main target.
Important Points:
Liquidity Daily: 156.755
IFC 4 H Candle: 157.617 & 158.136
And finally, our main target is 158.874.
Thank you for your support. A very simple and clear chart has been drawn for your use.
Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Center (Forex)
Risk Disclosure:
Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.