Hi Traders!
USDJPY looks to have exhausted near the psychological 150.00 level, and there is a possibility of a large pullback to the long-term bullish trend we have had over the past few months.
Price Action 📊
There has been a momentum break below the ascending price channel and the 20 EMA.
We are looking for further momentum to take the market further below.
Fundamental Analysis 📰
Weaker than expected USD GDP figures have slowed down the US dollar's strong momentum.
Support 📉
148.460: PREVIOUS SWING HIGH
Resistance 📈
149.506: DAILY HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDJPY looks to have exhausted near the psychological 150.00 level, and there is a possibility of a large pullback to the long-term bullish trend we have had over the past few months.
Price Action 📊
There has been a momentum break below the ascending price channel and the 20 EMA.
We are looking for further momentum to take the market further below.
Fundamental Analysis 📰
Weaker than expected USD GDP figures have slowed down the US dollar's strong momentum.
Support 📉
148.460: PREVIOUS SWING HIGH
Resistance 📈
149.506: DAILY HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Trade closed manually
Aggressive pullback candle, manually closed near target area.
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t.me/bluetonaFX
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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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.