USDJPY OVERVIEW
Going for Shorts on USDJPY?
There is a clear edge around the dollar with so much changes the opposing countries are pushing to implement and weaken the Dollar. Now, how do we take advantage of this looming Currency War? Patience and close attention to both the Technical and Fundamental parts is the key.
Looking at where the Pair is currently at:
On the 1D timeframe we have our SUPPORT and RESISTANCE LEVELS. Then going down to the 4H timeframe, we have more of a Bearish Flag which cements the idea of an anticipated continuation move to the downside.
Let me hear your view on this!!!
There is a clear edge around the dollar with so much changes the opposing countries are pushing to implement and weaken the Dollar. Now, how do we take advantage of this looming Currency War? Patience and close attention to both the Technical and Fundamental parts is the key.
Looking at where the Pair is currently at:
On the 1D timeframe we have our SUPPORT and RESISTANCE LEVELS. Then going down to the 4H timeframe, we have more of a Bearish Flag which cements the idea of an anticipated continuation move to the downside.
Let me hear your view on this!!!
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.