If the double top on the weekly chart is going to hold, then there should be a good amount more downside in USD/JPY. If it doesn't - we'll exit this trade.
149 was a key breakdown area - in case of a rebound we can enter short.
A close above 149 probably nullifies this trade.
145 is the key target.
149 was a key breakdown area - in case of a rebound we can enter short.
A close above 149 probably nullifies this trade.
145 is the key target.
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Signup to my newsletter:
tradingwriters.substack.com/
Market Analyst for:
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wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.