U.S. Dollar / Japanese Yen forum
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USDJPY USDJPY Intraday Trade Setups
Trade Idea: Buy Intraday Trade Setup
Entry Price: ✨ 155.476
Stop Loss: ❌ 155.250
Take Profit 1: 🎯 155.800
Take Profit 2: 🎯 156.000
Reason for Entry: The entry price of 155.476 is near a strong support level, confirmed by the daily Fibonacci retracement. Price action shows signs of a potential upward reversal, with the first target at 155.800 and the second at 156.000. The stop loss is placed at 155.250 to manage risk effectively.
Trade Idea: Sell Intraday Trade Setup
Entry Price: ✨ 157.669
Stop Loss: ❌ 157.900
Take Profit 1: 🎯 157.400
Take Profit 2: 🎯 157.200
Reason for Entry: The entry price of 157.669 aligns with a significant resistance level, supported by daily Fibonacci retracement levels. The market indicates a potential downward movement, with the first target at 157.400 and the second at 157.200. The stop loss is set at 157.900 to control risk.
Summary:
USDJPY is at critical levels, with support at 155.476 and resistance at 157.669. The Buy Setup at 155.476 targets 155.800 and 156.000, while the Sell Setup at 157.669 targets 157.400 and 157.200. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
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USDJPY 📊 USDJPY 26th December 2024 Daily Analysis Based on Main Key Levels
In this analysis, we will evaluate the current state of the USDJPY market, identifying key price levels and potential trading strategies.
📍 Daily Current Market Price (DCMP)
The current market price for USDJPY is 157.368. This serves as a crucial reference point for identifying trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 157.657
Resistance 2: 158.783
Resistance 3: 160.605
✅ Support (Below DCMP)
Support 1: 155.836
Support 2: 154.014
Support 3: 152.888
📉 Swing Levels
Swing High: 156.751
Swing Low: 149.362
Summary of Analysis
The USDJPY market is currently positioned at 157.368. Key resistance levels above this price include 157.657, 158.783, and 160.605. The support levels below this price are 155.836, 154.014, and 152.888. The swing high is at 156.751, and the swing low is at 149.362.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 155.836
Stop Loss: ❌ 155.600
Take Profit 1: 🎯 156.200
Take Profit 2: 🎯 156.600
📌 Reason for Entry
The price is approaching a key support level at 155.836, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 157.657
Stop Loss: ❌ 157.900
Take Profit 1: 🎯 157.400
Take Profit 2: 🎯 157.200
📌 Reason for Entry
Resistance at 157.657 suggests a potential selling opportunity, with targets set below this level.
💡 Conclusion
This analysis provides a concise overview of key levels and trade opportunities for USDJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
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