Hello Friends!
We are noticing a break in upward momentum in USD JPY especially in H4, H1 graphs. The only reason could be that the market has reached to a weekly resistance level which is a strong structure level.
So we could find a possible short opportunity here in this zone between $114.00 and $114.35. Place your entry only if you get a proper price action. If we found any sell trade then profit could be around 200 pips I believe.
Good Luck!
Happy trading
We are noticing a break in upward momentum in USD JPY especially in H4, H1 graphs. The only reason could be that the market has reached to a weekly resistance level which is a strong structure level.
So we could find a possible short opportunity here in this zone between $114.00 and $114.35. Place your entry only if you get a proper price action. If we found any sell trade then profit could be around 200 pips I believe.
Good Luck!
Happy trading
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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.