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Forex Analysis USDJPY (Price Action)
The Forex Analysis USDJPY across these four distinct time frames is meticulously generated by our Dedicated AI System, a proprietary creation of the Frustrader Team. Any unauthorized copying, sharing, or posting of this content is strictly prohibited, unless explicit permission has been granted and proper attribution to the source is provided for the end-user.
Intraday
Daily
Weekly
Monthly
Forex Technical Levels
Intraday Session : Fresh
The prevailing market sentiment indicates a Bullish bias for this instrument today. Traders who expect upward movement may consider Long positions right after the price jumps above the '153.70'. This breakthrough could lead to the attainment of the first target level 154.30, coupled with the second target level 154.82. Further push might even lead the price towards 155.42 before the day gets over.
Oppositely, breaking lower the price '153.70' could indicate a potential reversal, getting traders to consider Short positions. In this format, not only may the price fly towards the first support level 153.18 , but it may also see 152.58. A more substantial decline towards 152.06 is also on the way to get the session over.
#Intraday #USDJPY #Forex Technical Levels
Note: This part is being updated using Frustrader AI Integration. USDJPY has no update for this session
Forex Technical Analysis
Daily Session : Tokyo
The prevailing market sentiment indicates a Bullish bias for this instrument today. Traders who expect upward movement may consider Long positions right after the price jumps above the '153.42'. This breakthrough could lead to the attainment of the first target level 154.90, coupled with the second target level 155.80. Further push might even lead the price towards 157.27 before the day gets over.
Oppositely, breaking lower the price '153.42' could indicate a potential reversal, getting traders to consider Short positions. In this format, not only may the price fly towards the first support level 152.52 , but it may also see 151.04. A more substantial decline towards 150.15 is also on the way to get the session over.
#Daily #USDJPY #Forex Technical Analysis
Note: This part is being updated using Frustrader AI Integration. USDJPY has no update for this session
Forex Technical Outlook
Weekly Session : Friday
The market sentiment for this currency pair appears to be Bearish today. Traders may consider initiating Short positions sooner the price falls below the '157.24'. The initial target level 155.62 could be initially attained, coupled with the second target level 153.75. Eventually, there is a chance for the price to advance further and reach 152.14 before the trading day concludes.
Contrarily, breaking above the price '157.24' could evidently signify a potential shift in sentiment, prompting traders to consider Long positions. In such a case, the price might rise towards the first resistance level 159.11 and potentially test 160.73. A stronger increase towards 162.60 is also possible before the end of today's trading session.
#Weekly #USDJPY #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. USDJPY has no update for this session
Forex Technical Review
Monthly Session : 4th Week
This currency pair is expected to have a Bearish bias today. Traders can consider a Short position once the price confirms below the '158.89'. In that case, the first target price 156.51 may be reached, as well as the second target price 152.15. Subsequently, the price may extend further and finally reach 149.76 by the end of today's market session.
On the other hand, if the price breaks above '158.89', it may indicate a shift in momentum, leading to a potential Long position. In such a scenario, the price could rise towards the first resistance level 163.25 and even test 165.63. Lastly, a stronger increase towards 169.99 is also possible by the end of today's trading session.
#Monthly #USDJPY #Forex Technical Review
