Dollar A.S. / Yen JepangPenjualan
USD/JPY Trading Plan: Resistance in Focus Before the Next Drop
Since the beginning of the year, USD/JPY has been in a bearish trend, with the price dropping from 159 to 151.
After reaching support around the 151 zone following Friday's NFP, the price started to reverse upward and is currently trading at 153.63.
In my view, this is just a correction of the initial leg down, and once resistance is reached, the price is likely to resume its downward trend.
The sell zone starts above 154 and extends to 155, where I will be looking for selling opportunities.
In the medium term, the price could drop to 146, with the first major support at the recent low of 151.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
After reaching support around the 151 zone following Friday's NFP, the price started to reverse upward and is currently trading at 153.63.
In my view, this is just a correction of the initial leg down, and once resistance is reached, the price is likely to resume its downward trend.
The sell zone starts above 154 and extends to 155, where I will be looking for selling opportunities.
In the medium term, the price could drop to 146, with the first major support at the recent low of 151.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
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t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.