Yen BasketLong
The Yen has reasons for strengthen!
Hello everyone!
🇯🇵Yen is Ready for a Breakout!💴
The Japanese Yen GPI Basket Index is testing a key resistance level at 6,750-6,840. Over the past three weeks, the index has been steadily approaching this level without sharp movements. Fundamental factors suggest a potential breakout, but a short-term consolidation may occur first.
If the resistance is broken, the index could accelerate toward the next major level at 7,150-7,250, which aligns with the midpoint of the anticipated parallel channel. Currently, lower timeframes indicate overbought conditions, suggesting the need for liquidity accumulation.
In case of a breakout, short positions on GBPJPY and EURJPY appear the most promising, as these pairs have strong movement potential. 🤑
#Forex #Trading #JPY #ForexAnalysis #Yen #FX #MarketUpdate #TechnicalAnalysis #GBPJPY #EURJPY #ForexSignals
🇯🇵Yen is Ready for a Breakout!💴
The Japanese Yen GPI Basket Index is testing a key resistance level at 6,750-6,840. Over the past three weeks, the index has been steadily approaching this level without sharp movements. Fundamental factors suggest a potential breakout, but a short-term consolidation may occur first.
If the resistance is broken, the index could accelerate toward the next major level at 7,150-7,250, which aligns with the midpoint of the anticipated parallel channel. Currently, lower timeframes indicate overbought conditions, suggesting the need for liquidity accumulation.
In case of a breakout, short positions on GBPJPY and EURJPY appear the most promising, as these pairs have strong movement potential. 🤑
#Forex #Trading #JPY #ForexAnalysis #Yen #FX #MarketUpdate #TechnicalAnalysis #GBPJPY #EURJPY #ForexSignals
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilitÃ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.