Hello traders, we want to check the USDJPY chart in the 4-hour time frame. After moving in an upward channel, the price has reached the key area of 137.500 and 138.000 and could not break this level, and this level caused a sharp drop in the price and the channel was broken. If the price can have a correction up to around 135.540, it seems that this level can play the role of a support level for us and be a good entry point to enter the sale transaction and the price will fall to the specified targets. Continue. Good luck.
USDJPY sell Entry : 135.540
Stop : 137.710 , Target1 : 133.400 , Target2 : 131.205
Risk/Reward Ratio : 2
USDJPY sell Entry : 135.540
Stop : 137.710 , Target1 : 133.400 , Target2 : 131.205
Risk/Reward Ratio : 2
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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.