Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
USDJPY Analysis: December 29
USDJPY heads lower as the price leaves the premium zone. At the premium zone, the long-term bullish trend just came to an end. After the price reached the resistance level of 151.900, something happened. A downward breakthrough started on November 20, 2023, invalidating the prior lows in the process. The negative trend resumed after the most recent rally at the bearish order block at 145.100.
USDJPY Key Levels
Demand Zones: 137.200, 127.200
Supply Zones: 145.100 151.900
USDJPY Long-Term Trend: Bullish
The USDJPY pair is exhibiting a bearish trend, signaling a downward trajectory as it departs from the premium zone. This premium zone, characterized by higher valuations, has seen a reversal in sentiment. Technical indicators, including the MA Cross and the MACD (Moving Average Convergence Divergence) align with the bearish outlook, indicating a potential shift in market dynamics.
Moreover, the deviation from the premium zone implies a reassessment of risk tolerance and market attitude. It was at the 151.900 resistance level that the US dollar started to lose strength against the Japanese yen. After the recent bottom into the 151.900 supply zone was invalidated, the trend changed to the negative. Prior to the reversal being confirmed, a bullish order block was invalidated.
USDJPY Short-Term Trend: Bearish
The four-hour chart is clearly bearish as price keeps breaking the market structure to the downside. A recent return from the 145.100 supply zone led to the ongoing crash. Traders expect USDJPY to keep heading lower until it reaches the 137.200 support.
Do you want to take your trading to the next level? Join the best platform for that here
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus