JPY-USD Support and Resistance Levels
The JPY has been uncharacteristically volatile. The chart above shows JPY-USD daily Close from Jan 2025. It has been plotted in different colors at different points in time after clustering by K-Means Clustering. The dashed lines are the Support and Resistance levels as calculated by proximity to cluster centers. Note that the width of dashed lines from each other varies. And note that the widest dashed lines lie between 156.13 and 150.13. We shall come back to this point later when we provide the instructions for trading trading But first, visualize JPY-USD recent volatility in the monthly chart from 2015 below; and see that it is now at the highest level of volatility, as can be seen by the number of peaks and troughs. How to use the Support and Resistance levels in trades. See the instructions below the chart. The Green arrows means a Buy point and the Red arrows a Sell point. For each trade, a stop-loss and take-profit level is set to...