JPY pairs Weekly Outlook and Trade Setups

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@nsg_usd - 11 hours ago
Quoted - asuquokelvin

A weekly close above that high would be far more meaningful than just trading above it intraday.watching US yields and BoJ expectations, as they'll likely determine whether the breakout holds or fails again

USDJPY- Analysis Update
The Bulls begin to struggle with momentum as price retreats from 162.445 near last week's high at 162.71. An upside break above 162.84, will indicate buyer's are still anxious to drive price higher. But with the current fundamentals looming around DXY and JPYX, USDJPY is expected to stall within last week's trading range, until the fundamentals are released.

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@nsg_usd - 10 hours ago
Quoted - nsg_usd

CADJPY- I'll expect bullish continuations at the 114.714 price level after the next pullback.

CadJpy- I anticipate prrice to reach 115.608 price region, before the pullback phase will begin.

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@nsg_usd - 10 hours ago
Quoted - asuquokelvin

That's a high-quality confluence. When trend structure, a retest, and lower-timeframe confirmation all align at a key support zone, the probability improves significantly. I'd only invalidate the bullish bias if price breaks that support decisively with strong momentum.

Yeah. That's what forms the basis and core of my trading style. High-probability technical confluences at a key Zone. If Fundamental data release now aligns with it, that makes it an A+++ Trade setup for me.

I'll watch out for this setup on GBPJPY- missed my initial entry.

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@nsg_usd - 2 hours ago
Quoted - asuquokelvin

Where is your SL and TP?

GBPJPY- had closed out alongside Gold and Nasdaq. SL (216.70) and TP (217.79) were as indicate on the chart, but i manually closed out as price was unable to break the resistance level at 217.30.

I'm following the trade setup for another buy opportunities. I'm not in the trade anymore.

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