USDJPY Analysis. SHORT SWING SIGNAL!!!
Hello Everyone i want share my idea about USDJPY.
Japan currency is dead, its coming downside clear and beautiful but in this week we had some rejection from buyers and this rejection was strong.
In my opinion dollar will start strong bearish movement for that i will try to catch movement, at the chart we have some good rejection from sellers which broke range and gave us new high after strong downside movement. i think this fall will continue to daily support which is at 144.9.
Open short position - 149.6
Stop loss - 151.1
Take Profit - N/A
ALWAYS MAKE YOUR OWN RESEARCH!!!
Japan currency is dead, its coming downside clear and beautiful but in this week we had some rejection from buyers and this rejection was strong.
In my opinion dollar will start strong bearish movement for that i will try to catch movement, at the chart we have some good rejection from sellers which broke range and gave us new high after strong downside movement. i think this fall will continue to daily support which is at 144.9.
Open short position - 149.6
Stop loss - 151.1
Take Profit - N/A
ALWAYS MAKE YOUR OWN RESEARCH!!!
Comment:
Pretty good downside movement, waiting if price will have reaction at 145.1 LVL.
If JPY index will continue uptrend for test weekly resistance this trade will be huge.