USDJPY Potential Downsides
Updated
In today's trading session, our primary focus is on USDJPY, as we carefully monitor a potential selling opportunity around the 145 zone. Presently entrenched in a downtrend, USDJPY demonstrates a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, steadily converging towards the trend at the pivotal 145 support and resistance area. This numerical level holds significance as both a historical support point and a crucial juncture where the correction may intersect with substantial market forces.
Our strategic approach for today's session involves a thorough assessment of optimal entry points within the identified 145 zone. Aligning our trading decisions with the ongoing downtrend and the potential market dynamics at the critical support and resistance area is crucial. Navigating the correction phase with precision is key as we aim to capitalize on the identified selling opportunity within the broader context of USDJPY's current trend.
Our strategic approach for today's session involves a thorough assessment of optimal entry points within the identified 145 zone. Aligning our trading decisions with the ongoing downtrend and the potential market dynamics at the critical support and resistance area is crucial. Navigating the correction phase with precision is key as we aim to capitalize on the identified selling opportunity within the broader context of USDJPY's current trend.
Trade active
A sniper entry with 130 pips below now. Currently holding it as a swing with current USD dovish environment and weak DXY.
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