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 – January 3
USDJPY is set to surge to 144.950 amidst an ongoing downtrend. The market has experienced a significant uptrend into the premium zone until November 2023. However, a Change of Character (CHOCH) emerged, leading to a long-lasting decline. The Stochastic Oscillator showed oversold conditions at 140.950, suggesting a possible reversal.
USDJPY Key Levels
USDJPY Key LevelsDemand Zones: 137.200, 127.200
Supply Zones: 151.900, 160.400
USDJPY Long-Term Trend: Bullish
The USDJPY has had a remarkable ride, spending a considerable amount of time stuck between the 151.900 and 137.200 levels. First characterized by a strong bullish run into the premium zone, the market turned with a notable rebound off 137.200. A swing low formed afterwards, giving rise to the start of an uptrend. The bullish trend was confirmed with a higher low at 138.060. But in October 2023, at 151.900, the bullish momentum reached its peak.
Following this apex, a Change of Character (CHOCH) emerged, which started a long-lasting decline. The Stochastic Oscillator showed oversold conditions at the most recent low of 140.950, pointing to a possible reversal. Anticipating a change in the characteristics of the market, a higher advance is anticipated, with 144.950 as the goal. This prediction makes sense from a tactical standpoint, given the possible buy-side liquidity at 144.950, which is likely to be cleared before the decline picks back up.
USDJPY Short-Term Trend: Bullish
A bearish order block formed on December 15, 2023, as the market continued its downtrend on the four-hour chart. Following the BOS (Break Of Structure) at 140.950, USDJPY expanded upward. The surge is expected to continue, at least into the four-hour bearish order block before the downtrend is resumed.
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
