27.01.202111:35 Forex Analysis & Reviews: Daily Video Analysis: USDJPY facing bearish pressure, potential for further downside!

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. Price is holding below both the moving average and descending trendline resistance, which shows bearish pressure in line with our bearish bias. We could potentially see a further drop from our sell entry level, in line with our 61.8% Fibonacci retracement, towards our take profit levels, which is in line with our horizontal swing low support and -27% Fibonacci retracement.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Dean Leo,
Chuyên gia phân tích
Tập đoàn InstaForex © 2007-2021

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Daily Video Analysis: CADJPY facing bearish pressure, potential for further drop!

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