The price perfectly fulfilled my last idea. It hit the target level. 
USDJPY has been pulling back all week after the massive sell-off. It has retraced 38.2% on the daily timeframe. The price action initially broke above the previous week's high but then pulled back below it, effectively taking liquidity above that level. Additionally, the price has reached both the channel and the downward trendline. Typically, the market tends to consolidate after an impulsive move, so we can expect a sideways movement below the psychological level of 150.000. My target is support level at 144.660
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 been pulling back all week after the massive sell-off. It has retraced 38.2% on the daily timeframe. The price action initially broke above the previous week's high but then pulled back below it, effectively taking liquidity above that level. Additionally, the price has reached both the channel and the downward trendline. Typically, the market tends to consolidate after an impulsive move, so we can expect a sideways movement below the psychological level of 150.000. My target is support level at 144.660Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
💰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.
💰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.