InvestMate 💱 USD/JPY Reaching the First Resistance Zone 💱
💱 USD/JPY Reaching the First Resistance Zone
💱 Nearest strong support zone: around recent lows.
💱 Nearest strong resistance zone: around the fibo level 0.236 of the downward wave.
💱 Technical environment:
📊 Moving averages: 50/50.
📊 MACD: Uptrend
📊 RSI: Uptrend
💱 Price Action: USD/JPY As I wrote in the last post, the first resistance zone has been reached, where we can expect a reaction that will bounce the price south again. I encourage you to observe this pair on lower intervals to find a turning point.
📉 The scenario I'm playing is to wait for the beginning of a downward retracement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
💱 Nearest strong support zone: around recent lows.
💱 Nearest strong resistance zone: around the fibo level 0.236 of the downward wave.
💱 Technical environment:
📊 Moving averages: 50/50.
📊 MACD: Uptrend
📊 RSI: Uptrend
💱 Price Action: USD/JPY As I wrote in the last post, the first resistance zone has been reached, where we can expect a reaction that will bounce the price south again. I encourage you to observe this pair on lower intervals to find a turning point.
📉 The scenario I'm playing is to wait for the beginning of a downward retracement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
Note
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.