USDJPY - SWING ANALYSIS
USDJPY - Based on the daily candles and price action it seems to be in a very narrow range and momentum is favouring back to bulls while stiff resistance is waiting on the top. I have drawn a possible road map on the chart. Follow the levels properly.
My approach will be a buy here at current level for a potential upside upto 106.050
Maintain stop loss around 105.050
However from the levels 105.950 to 106.100 it is expected to lose buyers strength and expected to fall back to the level 105.050
So at the moment enter for sell in the mentioned range and maintain stop loss around 106.350
Hope the description clears everything as I have written it in a simplest way possible, But feel happy to write in the comment section for any doubts.
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My approach will be a buy here at current level for a potential upside upto 106.050
Maintain stop loss around 105.050
However from the levels 105.950 to 106.100 it is expected to lose buyers strength and expected to fall back to the level 105.050
So at the moment enter for sell in the mentioned range and maintain stop loss around 106.350
Hope the description clears everything as I have written it in a simplest way possible, But feel happy to write in the comment section for any doubts.
Hit the like button to spread positivity and happiness around.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered. Thanks
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