Time for a pullback in USD/JPY? Best level to sell + 137 Pips
Dear traders, similar to other JPY pairs, USDJPY has also rallied heavily in the past
few days. However, in the hourly chart, we are seeing that UJ is turning bearish
with 141.90 level as the resistance.
I have already sold at 141.82 and currently holding my sell with a TP at 140.70.
SL has been placed above the resistance zone highlighted in my chart.
few days. However, in the hourly chart, we are seeing that UJ is turning bearish
with 141.90 level as the resistance.
I have already sold at 141.82 and currently holding my sell with a TP at 140.70.
SL has been placed above the resistance zone highlighted in my chart.
Note
Holding sell, price still below the resistance. Looking good for the bears so far
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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.