If you look at yesterday's movements, the weekly resistance in the 147 area has yet to be broken. Even though today is a crucial day for USDJPY, will it continue to be upside, or today's closed candle will be bearish.
This would be a good move for the potential against the downside.
Stop losing : 148
RR: 1:5
Note
Updating from yesterday's analysis, today's movement is still possible for this pair to experience an increase to get the 5th wave and also touch the resistance area.I will still wait to see today's movement in determining open long-term positions on the potential for a sharp decline.
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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.