Here’s a polished and professional version of your market update: GBP/JPY Market Update: Key Levels and Macro Context After some time away, we’re back with a critical update. Traders who entered short at 192.5, as we highlighted nearly a week ago, have secured substantial profits. The market has now broken below the ascending parallel weekly channel, which had been respected three times on the weekly timeframe, confirming a clean technical breakdown. Current Outlook & Key Levels • Next Target: 185 region, aligning with daily order block liquidity. • Weekly SMA Analysis: • Price has broken below both the 10 and 50 SMAs, with the 10 SMA now crossing below the 50, signaling weakness on the higher timeframes. • The 100 SMA aligns with the weekly timeframe, acting as a potential support zone. • A break below the 100 SMA could accelerate the selloff towards 181. • Market Structure & Macro Considerations: • No clear upper resistance on the weekly chart, but we do see weekly support at 181. • The BOJ’s tightening policy is strengthening the Yen, adding downward pressure on GBP/JPY. • A break of the daily order block at 190 confirms further bearish momentum. Technical Breakdown – Weekly & Daily Insights • Moving Averages & Trend Analysis: • After nearly two years, the 20 EMA has crossed below the 50 SMA on the weekly timeframe, signaling a potential larger correction. • Ichimoku Cloud: Price is below the cloud, conversion line, and baseline, reinforcing bearish sentiment. • Volume & Momentum Indicators: • Volume Profile: Next high-value node (HVN) at 181, making it a critical level. • RSI (Weekly): 42.02 – Bearish, rejected off its moving average at 194. • MACD: Deep red, confirming momentum to the downside. • ATR: Increased volatility but below its 20 EMA. • OBV: Shows clear signs of volume leaving the market. • ADX: Negative DMI is above positive DMI, ADX at 15.65, indicating a weak bearish trend for now. • Contrarian Put-Call Ratio Analysis: • On January 13th, the ratio was below the lower band, suggesting traders had overloaded on calls, a contrarian signal for a bearish move. Lower Timeframe Market Structure – Daily & 4H • Retracement Levels: • Price has reached the 0.618 retracement level. A key question remains: Will this level provide support, or do we move toward 185? • A break below 169 would invalidate the larger bullish structure since 2023, confirming a longer-term bear market. • Daily Timeframe Insights: • Descending Channel: Price has reacted off the lower boundary. • Bollinger Bands: Price has not entered the upper band since January 8th, indicating sustained weakness. • Key Support Levels: 188.995 has been broken, confirming further downside potential. • Order Blocks: 190.668 bullish order block has been broken, confirming a structural shift toward bearish momentum. Macro & Fundamental Outlook • Yen Strength: Safe-haven flows and BOJ policy shifts support a continued JPY appreciation. • Political Uncertainty: With Trump returning to the White House, geopolitical risks and uncertainty will favor the Yen as a safe-haven asset. • Liquidity Considerations: • Volume is light below 190, meaning moves could be quick and violent. • Traders using high leverage should proceed with caution. Intraday & Countertrend Considerations • 4H & 2H Timeframe Analysis: • 4H RSI at 29.17 – Oversold but no strong reversal confirmation yet. • MACD deep red; ATR shows increased volatility. • 2H ADX at 40.22, indicating strong downward momentum, though momentum exhaustion may be approaching. • Potential Counter-Long Trade: • 188 region could provide a short-term bounce, aligning with a historical pivot point from December 3rd. • For those taking counter-trend longs: Risk should be kept at 0.5%. • Stop-loss and take-profit strategy: TP could align with the bullish OB and descending channel retest near 190.6. Final Thoughts Key Takeaways • Next Major Target: 185 (Daily Order Block), potential move to 181 if breakdown continues. • Bearish Confirmation: Break below 100 SMA & Weekly Ichimoku Cloud. • Yen Strengthening Due to BOJ Policy & Risk-Off Sentiment. • No Signs of Bullish Reversal Yet – Counter-trend trades should be approached with caution. Trade smart. Stay ahead.
Here's a chart of AMD showing a fib (anchors are circled). We are in a descending wedge and on the 61.8 of the retrace. We're also above a volume shelf. Looks poised to make a big move.
A picture is worth a thousand words. Can you read it? Gotta break four kay. Godbless.
Telcoin just released V4 of their mobile app. Launched a new partnership with Dubai gaming company. Got historic approval to become the first digital asset bank in the USA. Telcoin is going to $0.23, $0.35 and likely $0.55
A I mentionned on the chart, the downside move is highly possible.
A golden long opportunity has emerged as COINBASE:TOSHIUSD taps into a fresh daily demand zone, aligning perfectly with an M15 demand zone. This setup signals a high-probability bullish move from a key liquidity area. ? Key Levels to Watch: ✅ M15 Demand Zone – Fresh liquidity, strong potential for an impulsive move. ✅ Daily Demand Zone – Higher time frame confluence for added confidence. ✅ H1 Demand Zone – For those who prefer extra confirmation, waiting for the H1 zone may provide additional confluence for a safer entry. With market momentum shifting, this could be the perfect time to enter a long position on $TOSHIUSD! ? Keep an eye on price action and manage your risk accordingly. #TOSHUSD #CryptoTrading #Forex #SupplyAndDemand #LongOpportunity #TechnicalAnalysis
The Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
Key Valuation Metrics Metric Value NAV/Share (FY25) S$0.73 Net Debt/Share (FY25) S$0.62 P/B Ratio (FY25) 0.7x DPU Yield (FY25) 7.0% Target Price S$0.72 Upside Potential 35.8% (from S$0.53) Maintained BUY rating based on resilient Singapore operations, improving Italian occupancy, and stable distributions. FY25 distribution yield of 7.0% remains attractive. Target price of S$0.72, implying 35.8% upside from the last closing price of S$0.53.
Elf dumped on earnings tonight and I have been watching the company for a while. This seems overblown and looks to have formed a macro triple bottom. My setup here was aftermarket spot entry. My plan: Depending on how fast this pivots the PT1= 98$ PT2=108$
OpenAI co-founder John Schulman, who left AI company Anthropic earlier this week after a mere five months, is reportedly joining former OpenAI CTO Mira Murati’s secretive new startup, per Fortune. It’s not clear what Schulman’s role there will be. Fortune wasn’t able to learn that information, and Murati has been tight-lipped about the venture since […] © 2024 TechCrunch. All rights reserved. For personal use only.