USDJPY
Hello friends
It is not bad to have analyzes based on price action in our analyzes from time to time.
In the currency pair USDJPY we see the breaking of the ascending channel and pullback to the ascending trend line located at the bottom of the channel.
One can imagine the scenario of price reduction.
Therefore, taking into account the possibility of changing the trend, you can enter the sell position.
It is suitable to enter at these prices, which is in the range of 155.700, and stop loss can be considered in the range of 156.850.
The static resistance target of 152.00 can be considered.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
It is not bad to have analyzes based on price action in our analyzes from time to time.
In the currency pair USDJPY we see the breaking of the ascending channel and pullback to the ascending trend line located at the bottom of the channel.
One can imagine the scenario of price reduction.
Therefore, taking into account the possibility of changing the trend, you can enter the sell position.
It is suitable to enter at these prices, which is in the range of 155.700, and stop loss can be considered in the range of 156.850.
The static resistance target of 152.00 can be considered.
To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
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