Hey traders!
USDJPY is displaying a clear downtrend on the daily timeframe. Key observations:
• Broke below the 151.083 zone
• Retested the zone once
• Currently facing rejection around 146.983
Let's patiently wait for market opening and observe if we get a double top (M pattern) aligned with our trend line. If confirmed, we'll look to take a sell position.
Stay vigilant, and let's trade wisely!
USDJPY is displaying a clear downtrend on the daily timeframe. Key observations:
• Broke below the 151.083 zone
• Retested the zone once
• Currently facing rejection around 146.983
Let's patiently wait for market opening and observe if we get a double top (M pattern) aligned with our trend line. If confirmed, we'll look to take a sell position.
Stay vigilant, and let's trade wisely!
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.
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.