Usdjpy sell zone
This is a USD/JPY (U.S. Dollar/Japanese Yen) 1-hour timeframe technical analysis from FXCM, indicating a sell trade setup with the following details:
1. Resistance Level: Identified around 149.546, marked in yellow. This is the level where price is expected to face selling pressure.
2. Entry Point: Around 148.990, which aligns with a key resistance zone.
3. Target Level: 147.459, representing the expected price drop where traders may take profit.
4. Market Outlook: The analysis suggests a bearish setup, expecting price rejection from the resistance zone and a downward move toward the support level.
5. Price Action Strategy: The price is likely to consolidate near resistance before making a decisive move downward.
This setup signals a potential short (sell) opportunity, anticipating that USD/JPY will decline after hitting resistance, making it favorable for sellers.
1. Resistance Level: Identified around 149.546, marked in yellow. This is the level where price is expected to face selling pressure.
2. Entry Point: Around 148.990, which aligns with a key resistance zone.
3. Target Level: 147.459, representing the expected price drop where traders may take profit.
4. Market Outlook: The analysis suggests a bearish setup, expecting price rejection from the resistance zone and a downward move toward the support level.
5. Price Action Strategy: The price is likely to consolidate near resistance before making a decisive move downward.
This setup signals a potential short (sell) opportunity, anticipating that USD/JPY will decline after hitting resistance, making it favorable for sellers.
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t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
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.