Japanese Yen Futures Price Prediction and Analysis
Current Market Context for the Japanese Yen
Key Levels:
VWAP: Price is slightly above today’s VWAP.POC: The price is just under the Point of Control (POC) from yesterday.Bias: Currently, the bias is bullish, as the price has already surpassed the critical level of 0.0064245.Entry Trigger:
A long position has already been triggered above 0.0064245, confirming the bullish bias.Place your stop at 0.0064180, below:The third standard deviation of today’s VWAP.The Value Area Low (VAL) of today and yesterday.
Profit Targets for Japanese Yen Futures Long Positions:
0.0064345 – Below the POC of January 15.0.0064455 – Below the POC of January 17 and yesterday's VWAP.0.0064565 – Below the Value Area High (VAH) of yesterday.0.0064685 – Below the POC of January 21.0.0064870 – Just under the VAH of January 21.While the dominant bias is bullish, traders should remain prepared for potential bearish moves. A short trade becomes valid if the following conditions are met:
A 4-hour candle closes below 0.0064135.
Stop Loss:
Move the stop loss to the entry price after the first target is hit.0.0064085 – Above the VWAP of January 6.0.0063995 – Above the VAH of January 7.0.0063855 – Above the Value Area Low of January 7.
Key Insights for Japanese Yen Futures Traders
Stop Adjustment: Once the first profit target is reached, adjust your stop loss to the entry price for risk-free trade management.Market Activity: The current trading range for Japanese Yen Futures is narrow but expanding as volume picks up. This dynamic should be considered when planning trades.Bias Overview: The bullish bias is currently stronger, supported by technical levels and VWAP positioning.Trading the Japanese Yen Futures (ticker: 6J) provides opportunities to capitalize on key levels such as the VWAP, Value Area High (VAH), and Point of Control (POC). Today's analysis offers actionable insights into bullish and bearish scenarios, equipping traders with clear profit targets and stop-loss levels
Trade the Japanese Yen at your own risk. This analysis is provided for informational purposes only and should not be construed as financial advice. Visit ForexLive.com for additional views.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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