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U.S. Dollar / Japanese Yen
Short

USDJPY: Strong Supply Area Ahead!

1 298
snapshot

hey guys,

USDJPY is approaching a major resistance cluster.
it is based on a horizontal daily structure and a falling trend line based on daily lower highs.

because the current trend is bearish, chances will be high that we will see a trend continuation from that zone.
look for confirmation and short opportunities within that on a lower time frame.

goals:
104.75
104.2
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Chart PatternsdollarforecastjapaneseyenjpySupply and DemandTrend AnalysisUSDUSDJPYDJ FXCM IndexUSD (US Dollar)yen

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Chart PatternsdollarforecastjapaneseyenjpySupply and DemandTrend AnalysisUSDUSDJPYDJ FXCM IndexUSD (US Dollar)yen
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

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.