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.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。