11th March 2024 - Weekly Market Report with Andrew Lockwood

USDJPY has a broken structure at 149.50 and heading into the next support seen at 146.30. This could hold at the first time of asking. If the price breaks this key support zone a drop to 144.50 would be on the cards. BOJ could move on interests at the next meeting which could be the start of a large currency carry trade unwind. The 50% retracement zone of the larger move could take this pair to 132/133 zone.
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[@abdobenz]

Hello Andrew, what are your favorite tools for analysing the charts.
Thanks in advance

[@ChrisRaywood]

Hi Andrew

[@thecitytraderscom]

Hello @ChrisRaywood , how are you!