USD/JPY : First Long, Then SHORT ! (READ THE CAPTION)

2 Okt 2024

By analyzing the USD/JPY chart on the 4-hour timeframe, we can see that after a sharp decline, the price created a large liquidity gap, which has just been filled at the moment. Currently, the price is trading around the 145.660 level, and after an initial bullish move, I’m expecting a further correction. So, first a LONG position, then a SHORT!

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

3 Okt 2024

Trade aktif

By analyzing the USD/JPY chart on the 4-hour timeframe, we can see that, as I mentioned earlier, I expected an initial LONG from USD/JPY, which resulted in a rise of over 140 pips, reaching 147.230. After that, we saw a minor correction in the price. Only if the price fails to break above this level again can we expect a further correction.