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USD/JPY shifts bearish again after a failed rally today.
U.S. Dollar / Japanese Yen
Short
USD/JPY shifts bearish again after a failed rally today.
By dscharalampidis
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Updated
Jul 31, 2024
1
Jul 30, 2024
Today's failed rally and reversal invalidated my previous scenario. My alternative scenario is now in play with USD/JPY showing signs of weakness.
SELL at 152.75 (virtually market order)
SL at 154.85
TP 150.60
Jul 31, 2024
Trade closed: target reached
The pair fell after BoJ decision, reaching the target. Be aware of the Fed release later today.
Elliott Wave
Fibonacci
Support and Resistance
dscharalampidis
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