Expect downtrend continuation in USDJPY daily chart
Sold USDJPY at 110.50 with a 30 pip stop loss and target profit of 240 pips.
110.50 looks like a strong resistance level.
Stochastic crossover on 1h chart confirms bearish price action.
110.50 looks like a strong resistance level.
Stochastic crossover on 1h chart confirms bearish price action.
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.