📉 USD/JPY Price Forecast: Consolidation Before the Next Big Move! 🚨
USD/JPY is currently in a sideways consolidation after a prolonged downtrend, signaling a potential breakout opportunity. Traders should stay alert as the price fluctuates within a tight range, preparing for the next major move.
🔹 Key Levels to Watch:
✅ Short Entry Zone: 149.200 (Breakdown Confirmation)
📍 Current Consolidation Range: 147.500 - 149.200
🎯 Targets:
1st Support: 146.200
Final Target: 143.600
🛑 Stop Loss: Adjust based on volatility to manage risk effectively.
📊 Trading Strategy:
🔹 Wait for a clear breakout or breakdown before committing to a position.
🔹 Watch volume and momentum indicators for confirmation.
🔹 Trail stop loss to lock in profits and manage risk efficiently.
⚡ Like, Comment & Follow for real-time market updates, expert trade setups, and profitable strategies. Let’s win together! 💰📉
USD/JPY is currently in a sideways consolidation after a prolonged downtrend, signaling a potential breakout opportunity. Traders should stay alert as the price fluctuates within a tight range, preparing for the next major move.
🔹 Key Levels to Watch:
✅ Short Entry Zone: 149.200 (Breakdown Confirmation)
📍 Current Consolidation Range: 147.500 - 149.200
🎯 Targets:
1st Support: 146.200
Final Target: 143.600
🛑 Stop Loss: Adjust based on volatility to manage risk effectively.
📊 Trading Strategy:
🔹 Wait for a clear breakout or breakdown before committing to a position.
🔹 Watch volume and momentum indicators for confirmation.
🔹 Trail stop loss to lock in profits and manage risk efficiently.
⚡ Like, Comment & Follow for real-time market updates, expert trade setups, and profitable strategies. Let’s win together! 💰📉
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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.
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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.