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
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.
Market Analysis – October 13
USDJPY turns bullish as whales utilize the rich liquidity region. The major low established in early August 2022 was exploited to foster an uptrend. Since then, the price has been steadily rising. The Bulls have relentlessly dominated the market.
USDJPY Key Levels
Demand Levels: 144.300, 139.500, 133.000
Supply Levels: 151.600, 155.400, 159.000
USDJPY Long-Term Trend: Bullish
The market structure was broken in a bullish manner after the sweep at the main low price. This has led to the formation of a series of higher highs, indicating a positive outlook for the pair.
After reaching the first supply level of 144.300, the price found support as it once again swept liquidity. This enabled a quick transition from a supply level to a demand level.
As the price approaches the 151.300 supply level, its upward momentum slows down, suggesting a period of consolidation before a potential significant move.
USDJPY Short-Term Trend: Bearish
The market is currently consolidating while steadily reaching higher highs. The Relative Strength Index (RSI) indicates that the price is in the overbought zone (above 70.0), which suggests the possibility of a pullback to sweep the previous low before potentially continuing its upward movement.
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
