JPY pairs Weekly Outlook and Trade Setups

I think the missed entry was due to timeframe differences

From my end, GBPJPY is very much bullish

The highest may do is to retrace into the lows and buy back

Price should react from that key level as it is an interesting level for price.

Won't the sl be too big, just asking though

CADJPY- Daily Update
Bias: Bullish
Technical Outlook: Bullish Channel
Price continued bullish this week from last week, after the sharp decline 2 weeks ago.
Expecting price to push to 116.00 price level next week.
Entry for buys can be 114.71 level with SL below 114.00, and TP at 116.00

CADJPY- on the weekly, price is in a range. Will be expecting sell reactions at the 115.50 resistance level to drive price back down to 113.50 price level.

CADJPY- Sell Setup for next week.
Entry-115.50
SL-116.08
TP-113.56

CADJPY- Buy setup after the potential sells next week.
Entry-113.59
SL-112.95
TP-115.39

Depends on the lot size used. but the SL can be refined. That's just an estimate. ideally, I'll have the SL above the 4hr Supply if I'm selling it. SL-113.95. Entry 113.34 But I'll like the trendline to be Invalidated.

Yeah. I'll watch out for it. My challenge with JPY pairs is they have their own mind. Price can react briefly and break above the level continuing high. That's why I want to see the bullish channel invalidated first.

The sells are best for scalps, but weak GBP can cause it to stretch the sells downwards.
15mins bearish channel has formed. but not convincing enough. Let's see how next week goes.

Yes, it is bullish. but next week will possibly start with sells, before the buys will kick in.

it was a very clear and stress-free buy setup. will likely change my focus on the challenge account next week to JPY pairs. those minor pairs are stressing me out.
Still expecting UJ to push next week.