↪️USDJPY was in an upward trend and reached a new high before entering a consolidation phase in a tight range on the 4-hour chart.
To consider shorting the currency pair with confirmation, it is recommended to wait for a breakout below the support level of the range.
A confirmation of this breakout would be a 4-hour candle closing below the support level. If this occurs, a bearish continuation towards the 147.78 level can be expected.
To consider shorting the currency pair with confirmation, it is recommended to wait for a breakout below the support level of the range.
A confirmation of this breakout would be a 4-hour candle closing below the support level. If this occurs, a bearish continuation towards the 147.78 level can be expected.
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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.