Possibility of a big fall in USD/JPY once the lower TL breaks
USD/JPY has reached a multi-year resistance level from where we have seen
some moderately strong bearish price action.
However, the supporting trend line needs to break for bearishness to persist.
That being said, I recommend selling the rallies in USDJPY. We are already holding
sells in UJ from higher levels.
Fresh sells can be executed between 111-111.50 with SL above 112.30 and TP
at 108.80
some moderately strong bearish price action.
However, the supporting trend line needs to break for bearishness to persist.
That being said, I recommend selling the rallies in USDJPY. We are already holding
sells in UJ from higher levels.
Fresh sells can be executed between 111-111.50 with SL above 112.30 and TP
at 108.80
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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.