USDJPY Trading Breakout Above 150.00 – What Happens Next?
USDJPY Trading Breakout Above 150.00 – What Happens Next?
USDJPY Trading Breakout Above 150.00 – What Happens Next?
EURUSD - BIG PICTURE REPORT - 19.03.2025 IST 6.00 Pm
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Chart Pattern
- The price has formed a reversal pattern from the recent downtrend.
- Higher highs and higher lows indicate a shift towards an uptrend.
- The price is currently testing a resistance level near 149.825.
- Support levels align with moving averages (50, 100, 200).
Upcoming Events
- Economic data releases, interest rate decisions, and geopolitical news could impact market sentiment.
- Watch for central bank policy statements that might influence trend direction.
Observations
- RSI (14) at 58.05 – Close to bullish territory, suggesting moderate buying pressure.
- Momentum (14) at 99.98 – Indicates price movement strength but needs confirmation.
- Price trading above the 200-period moving average, supporting a bullish outlook.
Volume Analysis
- Volume is moderate, suggesting steady interest in the current price range.
- Lower volume pullbacks indicate weak selling pressure.
- A volume surge on a breakout or breakdown could confirm direction.
Final Takeaway
- Bullish case: If price breaks above 150.00 with strong volume, further upside is likely.
- Bearish case: A rejection at resistance and breakdown below 149.00 could lead to a decline.
Breakout Strategy (Bullish)
- Entry: Buy above 150.00 after a confirmed breakout with volume.
- Stop-loss: 149.50 (below recent support).
- Targets: Target 1: 150.50 | Target 2: 151.00.
Breakdown Strategy (Bearish)
- Entry: Sell below 149.00 if breakdown occurs with strong volume.
- Stop-loss: 149.50 (above recent resistance-turned-support).
- Targets: Target 1: 148.50 | Target 2: 148.00
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always consult a professional before making investment decisions.
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