Since the rumored BOJ intervention at price 152.000, USDJPY has struggled to continue bullish movement and has only pushed further downward.
The market seems to be flipping over into a bear after constant movement upward since March of this year starting at price 115.000, to the yearly high of 152.000 in October.
MA's are currently converging which is a good sign for movement, and I am expecting the price to continue to push down and complete another bear wave.
Entry: 138.800
Targets: 138.560 | 138.300 | 138.070 | 137.800 | 137.600 | 137.330 | 137.065 | 136.870 | 136.650
Support: 136.500
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The market seems to be flipping over into a bear after constant movement upward since March of this year starting at price 115.000, to the yearly high of 152.000 in October.
MA's are currently converging which is a good sign for movement, and I am expecting the price to continue to push down and complete another bear wave.
Entry: 138.800
Targets: 138.560 | 138.300 | 138.070 | 137.800 | 137.600 | 137.330 | 137.065 | 136.870 | 136.650
Support: 136.500
Be sure to like this post and let me know what you think in the comments
Note
Officially*Levels may be seen now due to FOMC minutes and holiday.
Trade closed: target reached
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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.