The uptrend channel of USDJPY has finally been broken, marked by the formation of a high volume bearish candle that retraced to the FIB 0.5 zone and formed a lower high wave. Based on these indicators, we anticipate a drop in price to at least the 135.80 area.
Trade active
As of today, we are implementing a new system for our trades. High probability trades for the week will be marked with the title 'Weekly', while daily trades posted during the Tokyo session will be categorized as scalping trades and marked as 'Daily'. This will help provide greater clarity and organization for our trading strategies.Trade closed: target reached
The target hit:Trade active
reentered.Trade closed manually
Closed it due to high bullish volume.
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Related publications
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.