Weekly Market Update: USDJPY, GBPUSD & GER40, Mar 10th – 16th, 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 150.19 – 151.33 Resistance Area
Comments: Price formed a Bullish Long-Tailed Pin Bar Signal on Friday, Mar 7th (We are not considering trading this signal).
Potential Trade Signal: We are looking to sell on a deeper retracement higher and after a price action sell signal, at or within the 150.19 – 151.33 short-term resistance area.
To Trade This Market With Our Preferred Broker, CLICK HERE
GBPUSD: Buying On Retracement Lower & After Price Action Signal At Or Above 1.2715 – 1.2729 Support Area
Comments: The Ultra-Small Bearish Pin Bar Signal that had formed on Thursday, Mar 6th failed (We did not consider trading this signal, nor did we mention it).
Potential Trade Signal: We are looking to buy on a deeper retracement lower and after a price action buy signal, at or just above the 1.2715 – 1.2729 short-term support area.
To Trade This Market With Our Preferred Broker, CLICK HERE
GER40 – CASH: Buying On Retracement Lower & After Price Action Signal At Or Around 22125 – 22319 Support Area
Comments: Price formed a Bullish Long-Tailed Pin Bar Signal on Friday, Mar 7th (We are not considering trading this signal).
Price moved briefly lower from the recent Bearish Long-Tailed Pin Bar Signal that had formed on Thursday, Mar 6th (We did not consider trading this signal, nor did we mention it).
Potential Trade Signal: We are looking to buy on a deeper retracement lower and after a price action buy signal, at or around the 22125 – 22319 short-term support area.
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.
