**USD/JPY Technical Analysis: **
Currency Pair: USD/JPY
Current Price: 146.400
The USD/JPY pair is trading at 146.400 after a strong upward movement, it seems that buyers are not as interested as before. This shows on the Daily chart's RSI, which is a tool that helps us understand the market. The RSI is showing a clear divergence, which means things might change soon.
I believe the sellers could take control soon, so I'm making a trade. I'm selling the pair at 146.400. To protect myself, I've set a Stop Loss at 147.000. If all goes well, my take profit is at 145.400. This means the reward is potentially 100 pips, while the risk is about 60 pips.
Remember, trading has risks, so it's important to be careful. I'm sharing this analysis to help make decisions, but it's always smart to keep an eye on the market in case things change.
Currency Pair: USD/JPY
Current Price: 146.400
The USD/JPY pair is trading at 146.400 after a strong upward movement, it seems that buyers are not as interested as before. This shows on the Daily chart's RSI, which is a tool that helps us understand the market. The RSI is showing a clear divergence, which means things might change soon.
I believe the sellers could take control soon, so I'm making a trade. I'm selling the pair at 146.400. To protect myself, I've set a Stop Loss at 147.000. If all goes well, my take profit is at 145.400. This means the reward is potentially 100 pips, while the risk is about 60 pips.
Remember, trading has risks, so it's important to be careful. I'm sharing this analysis to help make decisions, but it's always smart to keep an eye on the market in case things change.
Trade closed: target reached