USDJPY
EXPECTING A RETRACEMENT FOLLOWING FRIDAYS NFP.
THE RESISTANCE LEVEL HAS TESTED MULTIPLE TIMES AND EACH TIME PRICE HAS BEEN HELD DOWN.
AS YOU CAN SEE PRICE IS IN A WEEKLY DOWNTREND, I AM EXPECTING IT TO CONTINUE AND FIND SUPPORT AT THE 200 SMA AREA.
STOP LOSS IS TIGHT
RISK REWARD RATIO IS 6:1
THE RESISTANCE LEVEL HAS TESTED MULTIPLE TIMES AND EACH TIME PRICE HAS BEEN HELD DOWN.
AS YOU CAN SEE PRICE IS IN A WEEKLY DOWNTREND, I AM EXPECTING IT TO CONTINUE AND FIND SUPPORT AT THE 200 SMA AREA.
STOP LOSS IS TIGHT
RISK REWARD RATIO IS 6:1
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.