USDJPY had a bearish trend.
and now its force decreased it can make a trading range or a bearish channel.
anyway its can revers from trend line or 150-151 resistance level.
also it can revers between them.
and the DXY chart is interesting.
there was no news during these candles and it was not in a high volume session either.
so i think it can have some rest here.
at this moment if you see trigger you can sell USDJPY.
its just my personal comment please don't trade whit this.
thanks for your attention.
and now its force decreased it can make a trading range or a bearish channel.
anyway its can revers from trend line or 150-151 resistance level.
also it can revers between them.
and the DXY chart is interesting.
there was no news during these candles and it was not in a high volume session either.
so i think it can have some rest here.
at this moment if you see trigger you can sell USDJPY.
its just my personal comment please don't trade whit this.
thanks for your attention.
Note
also the DXY chart in 5m time frame made a rising wedge when it broke it will be bearish.
Trade closed: target reached
its made a trading range and now its on the support level so our target reached close the position.
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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.