We have USDJPY approaching massive resistance again (similar to July 2022) and with a slight rejection. Waiting for the come back to the zone area (create a double topish pattern) and a possible sell at a RSI high point.
Nothing complicated here, just rinse and repeat with price action and a target nearing 50+ PIPS.
This is a short term trade as I think the momentum will push USDJPY ultimately pass this zone.
Nothing complicated here, just rinse and repeat with price action and a target nearing 50+ PIPS.
This is a short term trade as I think the momentum will push USDJPY ultimately pass this zone.
Trade closed: target reached
Target reached: 81 PIPs 🎯
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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.