USD/JPY sell trade idea:
**Trade Setup:**
- **Entry:** 146.60 (current market price)
- **Target:** 143.90 (270 pips profit potential)
- **Potential Move:** -1.84% decline from entry
**Key Considerations:**
1. **Support Levels:**
- 145.00 (psychological level & recent swing low)
- 144.50 (2023 resistance-turned-support)
- Your target at 143.90 sits just above the 143.50 major support
2. **Resistance:**
- 147.00-147.50 (recent highs)
- 148.00 (multi-decade resistance)
3. **Fundamentals:**
- Watch for BOJ intervention risk if JPY weakens further
- US-Japan yield spreads remain key driver
- Next FOMC meeting (Sep 20) could impact USD
4. **Risk Management:**
- Consider stop above 147.50 (90 pips risk for 270 pip reward = 1:3 RR)
- Price above 147.80 would invalidate bearish structure
**Alternative Scenario:**
If price stalls at 145.00, you may consider taking partial profits and moving stop to breakeven.
Would you like me to suggest specific trade management strategies or analyze this with technical indicators?
**Trade Setup:**
- **Entry:** 146.60 (current market price)
- **Target:** 143.90 (270 pips profit potential)
- **Potential Move:** -1.84% decline from entry
**Key Considerations:**
1. **Support Levels:**
- 145.00 (psychological level & recent swing low)
- 144.50 (2023 resistance-turned-support)
- Your target at 143.90 sits just above the 143.50 major support
2. **Resistance:**
- 147.00-147.50 (recent highs)
- 148.00 (multi-decade resistance)
3. **Fundamentals:**
- Watch for BOJ intervention risk if JPY weakens further
- US-Japan yield spreads remain key driver
- Next FOMC meeting (Sep 20) could impact USD
4. **Risk Management:**
- Consider stop above 147.50 (90 pips risk for 270 pip reward = 1:3 RR)
- Price above 147.80 would invalidate bearish structure
**Alternative Scenario:**
If price stalls at 145.00, you may consider taking partial profits and moving stop to breakeven.
Would you like me to suggest specific trade management strategies or analyze this with technical indicators?
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.