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MarketBreakdown | WTI Oil, GBPJPY, Silver, USDJPY



1️⃣ WTI Oil- Daily time frame


The market is trading in sideways.

62.2 closest resistance

57.4 closest support


For intraday trading consider boundaries of the range as potential entry points.


For swing trading, wait for a range breakout


2️⃣ GBPJPY- Daily time frame


The price recently broke above 152.0 major daily resistance.

The market set a new higher high.


Retest of a broken structure may give a nice trend following opportunity (but wait for intraday confirmation).


3️⃣ Silver- Daily time frame


Recently the price set a new lower low lower close on a daily.

Bearish bias remains.


Now we see a pullback.


The price is approaching a strong confluence zone 25.35 - 24.75

Look for shorting opportunities within this area.


In case of its bullish breakout, bias will change to bullish .


4️⃣ USDJPY- Weekly time frame


Bulls keep pushing.


For next shorting opportunities consider

117.7 weekly resistance

118.2 weekly resistance


Pair is quite overbought so a pullback from oneof these levels will be highly probable.


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