USDJPY Daily Analysis
W - Bullish, strong rejection from the last high
D - Neutral, price digested all of the previous move
DXY - Neutral, price is at the major resistance I will wait to see what it does before forming a bias on the DXY
swing entries -
when price retests the 109.8 level I will be looking for a long position after a rejection
scalping entries -
price is over extended I will be looking to enter a short.
I may have missed my opportunity as price made a really large move, unless I get a really clear entry i will feel like I am chasing the market.
D - Neutral, price digested all of the previous move
DXY - Neutral, price is at the major resistance I will wait to see what it does before forming a bias on the DXY
swing entries -
when price retests the 109.8 level I will be looking for a long position after a rejection
scalping entries -
price is over extended I will be looking to enter a short.
I may have missed my opportunity as price made a really large move, unless I get a really clear entry i will feel like I am chasing the market.
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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.