The USDJPY is exiting the upward price channel. The price is heading towards a strong resistance zone. What's next?
Price is heading towards the resistance zone (tandem between the 200 hour moving average and the liquidity zone).
There is a good chance that price will bounce from the strong resistance zone.
There was no confirmation of the trend change, there is a chance that price could easily fall to 132.000 131.00
I expect the resistance area to be tested as a false-break or a touch. It is worth waiting for consolidation under the resistance level to form an entry point. The short-term target is the support at 131.00, the medium-term target is the support area at 130.00
Regards R.Linda!
Price is heading towards the resistance zone (tandem between the 200 hour moving average and the liquidity zone).
There is a good chance that price will bounce from the strong resistance zone.
There was no confirmation of the trend change, there is a chance that price could easily fall to 132.000 131.00
I expect the resistance area to be tested as a false-break or a touch. It is worth waiting for consolidation under the resistance level to form an entry point. The short-term target is the support at 131.00, the medium-term target is the support area at 130.00
Regards R.Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.