Expecting the DXY to fall some more as there is a small gap left to fill, which should result in a continued short for USDJPY. MA chart indicators are also signaling more downward movement for the pairing. Pricing may initially find support around the 130.620-130.420 price area, and either push back up into bullish motion or retrace back down to support price 129.750.
Sell Entry: 131.300
Targets: 131.050 | 130.850 | 130.620 | 130.420 | 130.270 |130.000 | 129.870
Support: 129.750
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Sell Entry: 131.300
Targets: 131.050 | 130.850 | 130.620 | 130.420 | 130.270 |130.000 | 129.870
Support: 129.750
Be sure to like this post and let me know what you think in the comments below!
Trade active
Entry openedNote
Targets down to 130.620 met. May see some retracement from here as expected.
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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.