USDJPY Near the Channel's top. Start selling.
USDJPY is trading inside a short term Channel Up.
Every recent rise has ranged from +1.40% to +1.96%.
The 4hour RSI is on 77.60 (Resistance A), the highest it has been since August 16th.
All the above justify to start a selling sequence as long as the price doesn't cross over the Channel Up. Target the 4hour MA100 at 148.750.
You can start shorting and target the 1day MA50 at 106.000.
Previous chart:
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Every recent rise has ranged from +1.40% to +1.96%.
The 4hour RSI is on 77.60 (Resistance A), the highest it has been since August 16th.
All the above justify to start a selling sequence as long as the price doesn't cross over the Channel Up. Target the 4hour MA100 at 148.750.
You can start shorting and target the 1day MA50 at 106.000.
Previous chart:
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.