Daily Market Update: USDJPY & GOLD – Mar 18th, 2025
NOTE: This market newsletter is based on analysis conducted using the daily chart timeframe. Each market discussed is accompanied by a corresponding price chart for clarity and reference.
USDJPY: Selling On Retracement Higher & After Price Action Signal At Or Within The 150.18 – 151.31 Resistance Area
Comments: Price formed a Bullish Tailed Bar Signal overnight (We are not considering trading this signal).
The recent Bearish Pin Bar Signal that had formed on Wednesday, Mar 12th failed (We did not consider trading this signal and hopefully saved some traders on this market).
Potential Trade Signal: We are looking to sell on a retracement higher and after a price action sell signal, at or within the 150.18 – 151.31 short-term resistance area.
To Trade This Market With Our Preferred Broker, CLICK HERE
GOLD – SPOT: Buying On Retracement Lower & After Price Action Signal At Or Above $2956 Support Level
Comments: Price formed an Inside Bar Pattern overnight (We are not considering trading this pattern).
Potential Trade Signal: We are looking to buy on a retracement lower and after a price action buy signal, at or just above the $2956 short-term support 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.
