In smaller time frames, it looks obvious that USDJPY is moving up. 1D and 4H chart show bullish market up to the next resistance. I also have an idea on that
on my page. But now looking at the 1W chart. It actually looks like a previous strong 1W support. We have broken it and we may retest it and move downward. I also see this playing out within 1-3 months. 1W chart showing true direction. I don't think we will break this strong resistance. I want to see a big bear 1W candle to close and then enter short. Or find a smaller timeframe resistance to enter on.
on my page. But now looking at the 1W chart. It actually looks like a previous strong 1W support. We have broken it and we may retest it and move downward. I also see this playing out within 1-3 months. 1W chart showing true direction. I don't think we will break this strong resistance. I want to see a big bear 1W candle to close and then enter short. Or find a smaller timeframe resistance to enter on.
Note
1-3 weeks *
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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.