Hello Traders! 👋
What are your thoughts on USDJPY?
USDJPY is moving within a descending channel and has currently reached the top of the channel, just below a resistance zone.
We anticipate some consolidation in this area, followed by a potential drop toward the bottom of the channel.
For a safer sell entry, it’s better to wait for a break below the specified support level.
After the breakout, a pullback to the broken support could offer a good sell opportunity.
💡Will USD/JPY respect the channel and head lower, or break out to the upside? Share your view below! 👇
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on USDJPY?
USDJPY is moving within a descending channel and has currently reached the top of the channel, just below a resistance zone.
We anticipate some consolidation in this area, followed by a potential drop toward the bottom of the channel.
For a safer sell entry, it’s better to wait for a break below the specified support level.
After the breakout, a pullback to the broken support could offer a good sell opportunity.
💡Will USD/JPY respect the channel and head lower, or break out to the upside? Share your view below! 👇
Don’t forget to like and share your thoughts in the comments! ❤️
Trade active
Trade closed: target reached
TP1 reached 
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.