USDJPY - Massive Resistance Ahead!

1 145
Hello everyone, if you like the idea, do not forget to support with a like and follow.

USDJPY is overall bullish however it is approaching a strong resistance area 125 -127

As per my trading style:
I will be looking for bearish reversal setups on lower timeframes (like a double top pattern, trendline break , and so on...)

Unless the resistance zone is broken upward, then our next resistance would be 135

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

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.