Market Update: USDJPY & GBPJPY – Sep 26TH, 2024
NOTE: This Market Newsletter is developed by using Daily Chart Time Frame, and a relevant price chart is attached to each market.
USDJPY: Selling On Retracement Higher & After Price Action Signal, At or Within 147.25 – 149.41 Resistance Area
Comments: The Small Bearish Pin Bar Signal that had formed earlier this week has just been invalidated (We suggested selling on a break below the low of that Bearish Pin Bar Signal in yesterday’s newsletter, However, the Signal didn’t trigger and Price never filled our orders).
Potential Trade Signal: We are looking to sell on a deeper retracement higher and after a price action sell signal, at or within the 147.25 – 149.41 short-term resistance area.
To Trade This Market With Our Preferred Broker, CLICK HERE
GBPJPY: Selling On Retracement Higher & After Price Action Signal, At Or Just Below 193.54 Resistance Level.
Comments: The Small Bearish Pin Bar + Inside Bar (Combination Setup) that had formed just below the 193.54 short-term resistance level earlier this week has now been invalidated (As of this writing) (We did not consider trading this signal, nor did we mention it).
Potential Trade Signal: We are looking to sell on a retracement higher and after another clear price action sell signal, at or just below the 193.54 short-term resistance level.
To Trade This Market With Our Preferred Broker, CLICK HERE
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Disclaimer: The risk of loss in trading financial market products, like Cryptocurrencies can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Any content posted here should not be considered financial or Trading advice, this newsletter is just for information purposes and is just the author’s opinion.
