U.S. Dollar / Japanese Yen
Short
Updated

USDJPY - Potential Sell (Swing to long term Trade)

65
Hi traders,

This is a repost from my last analysis.
We are still focusing to SELL USDJPY

Price Action Analysis:
  • Weekly or higher Chart: Price seems to be slowing down and showing signs of turning to the downside. Buyers have tried several times to push up from the 140.0 level, but each time, sellers responded with more selling. It feels like sellers are still holding a lot of USDJPY and are trying to offload it.
  • Daily Chart: Price has been making new highs, which is actually a good sign for a potential sell-off. We’re watching to see if the daily chart shows signs of giving up. However, price is still in buyer territory, so we’re on standby for now.
  • Lower time frame Chart: Timing for Entry


Good Luck.
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Order cancelled
did not enter but it looks good

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