Hello Traders! 👋
What are your thoughts on USDJPY?
On the USD/JPY chart, price is currently moving within a symmetrical triangle pattern and is approaching the upper trendline and a key resistance zone.
We expect that upon testing this resistance level, price will likely fail to break above it and enter a bearish phase, potentially falling at least to the specified support level.
For higher-confidence sell entries, it’s recommended to wait for a confirmed downside break of the lower trendline of the triangle, which would validate a bearish continuation.
Will this resistance hold and trigger a drop, or will bulls take control? Share your thoughts below! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on USDJPY?
On the USD/JPY chart, price is currently moving within a symmetrical triangle pattern and is approaching the upper trendline and a key resistance zone.
We expect that upon testing this resistance level, price will likely fail to break above it and enter a bearish phase, potentially falling at least to the specified support level.
For higher-confidence sell entries, it’s recommended to wait for a confirmed downside break of the lower trendline of the triangle, which would validate a bearish continuation.
Will this resistance hold and trigger a drop, or will bulls take control? Share your thoughts below! 🤔👇
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.