Continuation of downtrend. Waiting for confirmation SELL USDJPY
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USDJPY is starting a corrective downtrend. Yesterday's New York session's selling pressure surpassed the buying liquidity zone around 147,000. This further confirms the possibility of the pair continuing its downward correction. Some recovery waves in today's Asia-Europe session are considered a good opportunity to SELL towards the target of 144,300 (trailline zone of the h4 frame). Pay attention to the important breakout price zone of 145,900.
📉 Key Levels
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USDJPY is starting a corrective downtrend. Yesterday's New York session's selling pressure surpassed the buying liquidity zone around 147,000. This further confirms the possibility of the pair continuing its downward correction. Some recovery waves in today's Asia-Europe session are considered a good opportunity to SELL towards the target of 144,300 (trailline zone of the h4 frame). Pay attention to the important breakout price zone of 145,900.📉 Key Levels
- Support: 145,900-144,300
- Resitance: 147,000-147,800
- SELL trigger: Rejection from 147,000
- SELL 147,700 (Strong resistance + SMA 20)
- Target 144,400
- SELL DCA: Break 145,900
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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.