USDJPY / TRADING BELOW RESISTANCE TRENDLINE - 4H
Updated
USDJPY / 4H TIME FRAME
HELLO TRADERS
USDJPY , is currently trading below the turning level of 145.446 and remains below the resistance trendline, indicating downward momentum. There are two potential scenarios:
The first scenario, Current price is trading below the resistance trend line at 145.446, If the price remains below this level, it is expected to decline , Target levels for this decline are 142.226 and, potentially, 140.745.
The second scenario , If the price breaks above the resistance trend line at 145.446 and stabilizes above it , It suggests a potential increase , Target levels for the increase are 147.516 and, potentially, 149.310.
UPWARD LEVEL : 147.516 , 149.310.
DOWNWARD LEVEL : 142.226 , 140 .745.
HELLO TRADERS
USDJPY , is currently trading below the turning level of 145.446 and remains below the resistance trendline, indicating downward momentum. There are two potential scenarios:
The first scenario, Current price is trading below the resistance trend line at 145.446, If the price remains below this level, it is expected to decline , Target levels for this decline are 142.226 and, potentially, 140.745.
The second scenario , If the price breaks above the resistance trend line at 145.446 and stabilizes above it , It suggests a potential increase , Target levels for the increase are 147.516 and, potentially, 149.310.
UPWARD LEVEL : 147.516 , 149.310.
DOWNWARD LEVEL : 142.226 , 140 .745.
Trade closed: target reached
reached full target +275 pip profit .Disclaimer
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