USDJPY
I've created a technical analysis chart for the USD/JPY currency pair on TradingView. Here are the specific actions I've taken on the chart:
1. **Highlighted Previous Week's Highs and Lows:**
- I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW."
2. **Key Psychological Numbers:**
- I've highlighted key psychological price levels in grey boxes. These levels are often round numbers that traders commonly watch and can act as support or resistance points due to their psychological significance to market participants.
3. **Lack of Weekly Confirmation:**
- Despite these movements, there was no weekly confirmation. This means that although the price broke certain levels, it did not sustain or confirm a trend on the weekly timeframe.
Overall, my chart reflects a detailed analysis of recent price action with a focus on significant highs and lows, key session highs, and critical price levels that may influence future trading decisions.
1. **Highlighted Previous Week's Highs and Lows:**
- I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW."
2. **Key Psychological Numbers:**
- I've highlighted key psychological price levels in grey boxes. These levels are often round numbers that traders commonly watch and can act as support or resistance points due to their psychological significance to market participants.
3. **Lack of Weekly Confirmation:**
- Despite these movements, there was no weekly confirmation. This means that although the price broke certain levels, it did not sustain or confirm a trend on the weekly timeframe.
Overall, my chart reflects a detailed analysis of recent price action with a focus on significant highs and lows, key session highs, and critical price levels that may influence future trading decisions.
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