USD/JPY - Potential Targets & Outcomes
Dear Friends,
How I see it:
If price can find enough demand above 148.500, pair might attempt a rally.
Potential Long Targets - reasons indicated.
1) 150.185
2) 150.730
3) 151.173
If strong bearish behavior under 4HR trend persists with
DXY holding under 107.
Potential Short Targets -
1) 148.600
2) 147.324
3) 146.480
Key notes:
Price is currently at a pivot; possible reversal attempts or further decline.
I would only consider any rally a reversal "attempt" - above the 38.20% FIB.
Otherwise, all rallies will just be corrections.
In a bearish environment - SELL THE RALLIES.
Thank you for taking the time to study my analysis.
How I see it:
If price can find enough demand above 148.500, pair might attempt a rally.
Potential Long Targets - reasons indicated.
1) 150.185
2) 150.730
3) 151.173
If strong bearish behavior under 4HR trend persists with
DXY holding under 107.
Potential Short Targets -
1) 148.600
2) 147.324
3) 146.480
Key notes:
Price is currently at a pivot; possible reversal attempts or further decline.
I would only consider any rally a reversal "attempt" - above the 38.20% FIB.
Otherwise, all rallies will just be corrections.
In a bearish environment - SELL THE RALLIES.
Thank you for taking the time to study my analysis.
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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.