USDJPY Prepares to Change Market Trend

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.

L2T Algo

TELEGRAM

RESULTS

USDJPY Market Analysis – July 22

USDJPY prepares to change market trend from an upward direction. USDJPY market began to rise in mid-March. The USDJPY rallied higher, breaking through the previous resistance level of 126.00 to reach the other previous resistance level of 131.50. When the market reached the previous resistance level of 131.50, the bears took control, only to hand it back to the bulls at the demand zone of 126.00. The price crossing above the Simple Moving Average (SMA) indicates that the bulls have successfully retaken control of the market. The bulls continued to drive the price higher until it retested the support at 131.50. The volatility of the market decreased a few days after the support level of 131.50 was retested, indicating that the bulls are beginning to pause and offload their buy positions in favour of the beads.

USDJPY Major Zones

Supply Zones: 139.00, 147.70
Demand Zones: 131.50, 126.00

USDJPY Market Long-Term Trend: Bearish

USDJPY market began the uptrend in mid-March. USDJPY rallied upward and broke the previous resistance level at 126.00 to hit the other previous resistance level at 131.50. As the market hit the previous resistance level at 131.50, the bears took over the market, but only to hand it over back to the bulls at the demand zone of 126.00.

The price crossing the Simple Moving Average (SMA) upward indicates that the bulls have successfully taken over the market again. The bulls kept on driving the price upward rapidly until the price retested the support at 131.50. A few days after the support level of 131.50 was retested, the volatility of the market decreased, showing that the bulls are beginning to pause and offload their buy positions in favour of the bears.

USDJPY Market Short-Term Trend: Bearish

USDJPY four-hour chart shows a bullish outlook. USDJPY has been respecting the four-hour timeframe upward trendline, with each swing high touching the trendline and coming from an overbought region, as indicated by the Relative Strength Index (RSI). A break in market structure is expected to crash the price down to the 131.50 support level. Until the resistance at 139.00 is successfully broken, the bulls may continue to offload their positions against the US Dollar, causing USD to fall against JPY till the support level of 131.50 is reached, at which point the market trend may resume its upward trend.

How To Buy Lucky Block 

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.