Hey everyone, I hope you all have been able to bank on all of the movement that USDJPY has been giving us! After a nice bull run, the pairing is continuing to retrace.
The TP of 121.480 on my previous signal has already been reached and the movement will continue downward.
Based on current chart movement I am overall bearish on USDJPY.
I have a safe sell entry placed at 121.100 with potential TP of 120.600 | 119.900 | 118.645.
I have a resistance of 125.100 and support of 115.820. Price 122.500 invalidates this trade.
Be sure to like and let me know what you think of this analysis in the comments.
The TP of 121.480 on my previous signal has already been reached and the movement will continue downward.
Based on current chart movement I am overall bearish on USDJPY.
I have a safe sell entry placed at 121.100 with potential TP of 120.600 | 119.900 | 118.645.
I have a resistance of 125.100 and support of 115.820. Price 122.500 invalidates this trade.
Be sure to like and let me know what you think of this analysis in the comments.
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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.