The price perfectly fulfilled my last idea. It hit the target level. 
USDJPY has dropped from the resistance level, creating a significant impulse leg following the recent news. Currently, the market is pulling back from the channel border and the support level at 150.00. This pullback presents a trend continuation opportunity, where we can look for a short position after the price retraces. Given that the overall market is in a bearish trend, I anticipate further downward movement after the price tests the resistance. If the market does retest the swap zone, we could see a continuation of the bearish momentum. My goal is support level at 149.200
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USDJPY has dropped from the resistance level, creating a significant impulse leg following the recent news. Currently, the market is pulling back from the channel border and the support level at 150.00. This pullback presents a trend continuation opportunity, where we can look for a short position after the price retraces. Given that the overall market is in a bearish trend, I anticipate further downward movement after the price tests the resistance. If the market does retest the swap zone, we could see a continuation of the bearish momentum. My goal is support level at 149.200Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.