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USD/JPY Possible Bear Scenario🔍 Analysis Summary: USDJPY has failed to close above 146.1 on the weekly for the past 13 candles, showing clear signs of price exhaustion at this level. Price has also tapped into a marked 8HR bearish order block and printed a Daily Pin Bar — a strong reversal signal indicating potential downside. 📍Key Technicals:     •    Resistance Holding: 146.1–146.6 zone     •    Bearish Rejection: Pin Bar off resistance + order block     •    Risk Area (Stop Zone): Above 147.16     •    Target Zones: 144.2 (interim) → 142.4 (swing level) 🛠 Confluence:     •    Order block rejection     •    Multi-week resistance     •    Clean structure with defined R:R     •    Bearish candlestick confirmation 📊 Timeframe: 8HR 📉 Bias: Short 🔐 Risk Management: Proper stop loss in place above structure. Use personal risk limits. ⸻ ⚠️ Disclaimer: This setup is for educational and informational purposes only. It is not financial advice or a recommendation to trade. Always conduct your own analysis and use risk management based on your personal trading plan.
by SlattYSL
NZD/JPY buying opportunityi believe NZD/JPY is looking to find support somewhere around here... PURELY FUNDAMENTAL from my perspective but it lines up with the TECHNICALS. Tonight 7:30PM Est we have AUD employment change and unemployment rate.. as long as they come in better than expected or at expected numbers, aud is going to spike upwards. Aud/Nzd tend to follow the same path, so if it's bullish for AUD, it's bullish for NZD. Sunday 4:45 EST before market even opens NZD is reporting retail sales which may lead to a gap just prior to the open which i don't think they'll be to fond of closing. Tuesday Nov 24th 3PM is the RBNZ Financial Stability Report ALSO as we have seen TWICE now, any progress into a vaccine has led to the weakening of JPY, GOLD, and put a slight bid to the DOLLAR (which ultimately is a fake out, only because it put a bid into the dollar OVER the yen, meaning dollar is still weak)
by SlattYSL