USD/JPY approaching historical resistance zone
Dear traders, USD/JPY is approaching a historical resistance zone. There
could be a pullback from this level.
The area between 151.80-152.30 is a potential reversal zone as it happens
to be the confluence of both the channel resistance and horizontal resistance.
If there is bearish price action in this zone, traders can consider selling
USDJPY@151.80-152.30 with SL above 152.60 and TP at 146.50
could be a pullback from this level.
The area between 151.80-152.30 is a potential reversal zone as it happens
to be the confluence of both the channel resistance and horizontal resistance.
If there is bearish price action in this zone, traders can consider selling
USDJPY@151.80-152.30 with SL above 152.60 and TP at 146.50
Comment:
Price has reached the sell zone, waiting and watching the price action now
Trade active:
Sold@151.90