Sat, Mar 25, 2023 @ 16:58 GMT
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USD/JPY De-Risking Ahead Of Trump-Xi Meeting

As shown on Live Trading Session yesterday, the USD/JPY fell as expected due by overnight sell off in equities. Equities dropped due to de-risking ahead of Trump-Xi meeting, so we might see another bearish rejection on retracement. The POC 110.80-95 ( D H3, EMA89, ATR Pivot, trend line) could reject the price towards 110.18. Break below it should target 109.77 – the strongest daily support.

D H3 – Daily Camarilla Pivot (Daily Resistance)

POC – Point Of Confluence (The zone where we expect price to react – aka entry zone)

D L5 – Daily Camarilla Pivot (Strongest Daily Support)

W L4 – Weekly L3 Camarilla (Very Strong Weekly Support)

W L5 – Weekly L4 Camarilla (Strongest Weekly Support)

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