USD/JPY analysis 2024/09/20

19 Sep

https://www.tradingview.com/x/wbkG04Hb/
USDJPY
Notice: The points are only valid from 2024/09/20 to 2024/10/05

What we have now?
1.The key support and resistances level:
152
148.2
144
142
139.5

What should we do?
1.Open the long position when the price fails to break through the lower support level

TP when the price is close to upper resistance level or TP 50% of your position first, the other 50% for a huge breakout.
SL when the price break through the lower support level

2.Open the short position when the price fails to break through the upper resistance level

TP when the price is close to lower support level or TP 50% of your position first, the other 50% for a huge breakout.
SL when the price break through the upper resistance level

Future Price movement
70% chance: The 139.5 price level is a really strong support, and I don't think it'll drop below that in the next month. It'll probably bounce between 144 and 139.5 for at least two weeks, building up enough momentum to push towards the resistance at 152

30% chance: Break below 139.5

Always put a Stop Loss for your positions!! Trade safe!

9 Okt

Catatan

2024/10/09
The price trend matches the analysis, and it's making another move toward 149-152