USD/JPY – Breakout of Resistance Trendline
We have just broken out of the resistance trendline on USD/JPY. If you're currently short, I recommend reducing your position as the price approaches the green zone.
For those without a position, it might be wise to wait for the price to reach this green zone before considering a long entry. However, always wait for confirmation before entering long positions to ensure a higher probability of success.
For those without a position, it might be wise to wait for the price to reach this green zone before considering a long entry. However, always wait for confirmation before entering long positions to ensure a higher probability of success.
WiVERIDERS
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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.
WiVERIDERS
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.