U.S. Dollar / Japanese YenUpdated USDJPY is entering important resistance zone
USDJPY has been moving in a clearly defined descending channel since September 2020.
Now the price has entered the resistance zone, so I expect the price to start falling in the next days, maybe after some depletion of the current bullish impulsive move.
I think it is a good opportunity to open short position with a good Risk to Reward Ratio.
Please comment below your current opinion on this pair, all ideas are welcome! :)
Now the price has entered the resistance zone, so I expect the price to start falling in the next days, maybe after some depletion of the current bullish impulsive move.
I think it is a good opportunity to open short position with a good Risk to Reward Ratio.
Please comment below your current opinion on this pair, all ideas are welcome! :)
Trade active
USDJPY got rejected at the marked Resistance Zone and now it has started its downward movement.
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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.