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USDJPY broke the price channel and continued its uptrend at 151,000. The previous h4 candle wick had a liquidity sweep to 147,000, showing that the buyers are dominating the market. The USDJPY trading strategy will mainly BUY to the old peak around 151,000. When the price breaks 147,000, a corrective downtrend will begin to form.
📉 Key Levels
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USDJPY broke the price channel and continued its uptrend at 151,000. The previous h4 candle wick had a liquidity sweep to 147,000, showing that the buyers are dominating the market. The USDJPY trading strategy will mainly BUY to the old peak around 151,000. When the price breaks 147,000, a corrective downtrend will begin to form.📉 Key Levels
- Support: 148.200 - 147.200
- Resistance: 150.100 - 151.100
- Buy trigger: Breakout above 148,800
- BUY 147,200 (buyer liquidity zone)
- Target: 145,000
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Trade active
Waiting Entry BUY at 147.200Trade closed: target reached
Entry BUY 147.200 + 80 pips.The price has reversed, we will set up new trading strategies.Note
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Join me to get Trading signals, Trading knowledge
☘️My Telegram Channel: t.me/VHTraderFX
☘️Contact: t.me/VHTTrader
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☘️Contact: t.me/VHTTrader
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.