19.07.202112:38 Forex Analysis & Reviews: Daily Video Analysis: USDJPY facing bullish pressure, potential for further rise!

Today we take a look at USDJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups.

Prices are holding above horizontal swing low support and ascending trendline support, in line with 78.6% Fibonacci retracement. We expect prices to rise further to the take profit level, in line with the 61.8% Fibonacci retracement level. Alternatively, prices may drop below the horizontal swing low support, and take support at another horizontal swing low support.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Az InstaForex elemző szakértője
© 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

EURAUD holding above ascending trendline support! Further bounce incoming!
EURAUD holding above ascending trendline support. With technical indicators showing room for further bullish momentum, a further push up above our 1st support at 1.60894 towards our 1st resistance at 1.62657 could be possible.
Author: Dean Leo
03:43 2021-09-21 UTC--4
USDCHF facing bearish pressure, drop incoming!
Price is facing bearish pressure as it holds under 1st resistance at 0.92810 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension. Price may bearish from 1st resistance at 0.92810 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension towards the 1st support at.
Author: Dean Leo
03:38 2021-09-21 UTC--4
GBPJPY bearish pressure | 21st Sep 2021
Price broke downwards of a wedge pattern, signifying a bearish momentum. We can expect price to make a small bounce up to 1st Resistance in line with 23.6% Fibonacci retracement and push back down to 1st Support in line with previous swing low. Our bearish bias is further supported by the price.
Author: Dean Leo
01:35 2021-09-21 UTC--4
Show more
Can't speak right now?
Ask your question in the chat.