USD/JPY, DAY CHART, SHORT (15-JAN-2017)
Note:
USD/JPY tested the resistance zone at 118.5 level
2 times and the bullishness was rejected.
Here, are 2 trading plans for this pair:
1. If USD/JPY managed to break the support zone at
114.5 level strongly, wait for pullback and bearish
signal to short.
2. If the price unable to break the support zone,
buying power might come in. In this case, wait the
price move back to resistance level near 114.5 and
waiting bearish signal to short!
USD/JPY tested the resistance zone at 118.5 level
2 times and the bullishness was rejected.
Here, are 2 trading plans for this pair:
1. If USD/JPY managed to break the support zone at
114.5 level strongly, wait for pullback and bearish
signal to short.
2. If the price unable to break the support zone,
buying power might come in. In this case, wait the
price move back to resistance level near 114.5 and
waiting bearish signal to short!
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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.
Related publications
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.