USDJPY Retreats Into the Fair Value Gap
Login

USDJPY Retreats Into the Fair Value Gap

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Market Analysis – September 14

USDJPY retreats into the Fair Value Gap. The market analysis for USDJPY suggests a positive outlook in both the long and short term. The price has been consistently rising since late February, with minimal pullbacks.

USDJPY KEY LEVELS

Demand Levels: 145.000, 137.100, 130.00
Supply Levels: 151.800, 155.100, 160.000
USDJPY Retreats Into the Fair Value Gap

Long-Term Trend: Bullish

Since late February, the USDJPY price has experienced a break in market structure, turning bullish. The price quickly increased after retracing to the demand zone in late March, leaving little room for pullbacks until mid-July. The price has surpassed the 145.000 mark, creating a higher high and maintaining the upward trend. The consolidation over the 145.000 mark further strengthened the price’s ascent.
I
The price’s position above the moving average and the formation of a higher high contribute to the confluence, indicating a strong trend. The current positioning suggests that the price is preparing to reach the supply mark at 151.800, where liquidity is expected.
I
The consistent rise since late February, coupled with minimal pullbacks, suggests a strong bullish trend. 151.800 and 155.100 supply levels should be observed.
USDJPY Retreats Into the Fair Value Gap

Short-Term Trend: Bullish

In order to close the Fair Value Gap (FVG), the price has formed a higher high and is currently retracing. This retracement allows for the seizing of liquidity, generating momentum for the upcoming upward movement. The price’s retreat into the Fair Value Gap indicates a short-term strategy to take advantage of liquidity before continuing its upward trajectory.
I
The convergence of the price above the moving average further supports potential price movements. It is important to note that prior to any market trend manipulation, the price should aim for the supply mark at 151.800.
I
Do you want to take your trading to the next level? Join the best platform for that here
  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News