Sell Analysis: USD/JPY
I placed this pending sell order earlier (apologies for the late update). The pair formed a rising wedge pattern, signaling potential bearish momentum. A break below the trendline confirmed entry. My short target aligns with key support levels: 157.169 and 156.506.
Fundamentals:
The USD/JPY's recent downside is influenced by a weaker USD due to dovish Fed sentiment and safe-haven flows favoring the JPY amidst global economic uncertainties.
Fundamentals:
The USD/JPY's recent downside is influenced by a weaker USD due to dovish Fed sentiment and safe-haven flows favoring the JPY amidst global economic uncertainties.
Trade closed: target reached
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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.
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.