USDJPY H4
Updated
USDJPY H4
Prices tapped into the daily resistance area @ 110.800, made a sell-side move, breaking structures, creating new lows and now making what seems like pullback before a continuation short.
We identified 2 major areas for SELL positions, mainly @109.400 area as well as 110.300 area.
If prices doesn't hit any of our crucial structures, we will be looking for a short-term LONG position @108.400 for an upside move towards 109.400.
Prices tapped into the daily resistance area @ 110.800, made a sell-side move, breaking structures, creating new lows and now making what seems like pullback before a continuation short.
We identified 2 major areas for SELL positions, mainly @109.400 area as well as 110.300 area.
If prices doesn't hit any of our crucial structures, we will be looking for a short-term LONG position @108.400 for an upside move towards 109.400.
Note
Eventually taps into our demand zone, for a 1:4 trade!
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.