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#economic_calendar These events may affect the market on 7 March.

The Japanese Yen (JPY) is the third most traded currency in the world, following the US Dollar and the Euro. As a key player in global forex markets, the Yen is often seen as a safe-haven currency, attracting traders during times of uncertainty. Trade with ExpertOption:

EURUSD, 15-minute timeframe chart 👉Level explanation EURUSD has been trading in a sideways market for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.07901. Set your stop loss at 1.08304 above the previous high ($4.03 loss for 0.01 lot) and take profit at 1.07498 ($4.03 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period.

Chart: GBPJPY daily chart GBPJPY remains range-bound in the 187.00-193.00 range. The price fluctuates around the narrowing EMAs, indicating a sideways trend while awaiting a breakout. If GBPJPY breaks below the support at 187.00, the price may retest the next support at 183.80. However, breaking above 193.00 may prompt its potential continuation to the next resistance at 198.50.

GBPUSD, 15-minute timeframe chart 👉Level explanation GBPUSD has been trading in a sideways market for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.29030. Set your stop loss at 1.29310 above the previous high ($2.80 loss for 0.01 lot) and take profit at 1.28750 ($2.80 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period.

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#economic_calendar These events may affect the market on 6 March.

AUDUSD, 30-minute timeframe chart 👉Level explanation AUDUSD has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 0.62756. Set your stop loss at 0.62321 below the previous low ($4.35 loss for 0.01 lot) and take profit at 0.63191 ($4.35 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period.

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JP225 continued plunging after breaking below the sideways range of 38000-39000. The widening bearish EMAs indicate the potential for further bearish continuation. If JP225 closes below 37000, the index may retest the following support at 36000. On the contrary, sustaining above 37000 may suggest its consolidation before plunging further.

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#economic_calendar These events may affect the market on 5 March.

USDCAD, 30-minute timeframe chart 👉General outlook USDCAD has been trading in a sideways market for the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.44624. Set your stop loss at 1.45530 above the previous high ($6.27 loss for 0.01 lot) and take profit at 1.43717 ($6.27 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. @octa_analytics

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