Hello,
I anticipate for there to be a reversal on the 23-25th of September. To continue with the bearish weekly trend that USD/JPY has been following since mid year. Some of the reasons as to why I forecast a projection can be illustrated below.
USD/JPY will soon be reacting off of a trendline, furthermore price action will soon be retesting the 800 EMA and 800 SMA (moving averages) - specifically on the 4H time frame. Furtheremore, price action is coming near a massive supply zone. I believe the reversal will be had in either the New York session of September 23rd, or the London and or New York session of September 24th.
Stay followed for updates
I anticipate for there to be a reversal on the 23-25th of September. To continue with the bearish weekly trend that USD/JPY has been following since mid year. Some of the reasons as to why I forecast a projection can be illustrated below.
USD/JPY will soon be reacting off of a trendline, furthermore price action will soon be retesting the 800 EMA and 800 SMA (moving averages) - specifically on the 4H time frame. Furtheremore, price action is coming near a massive supply zone. I believe the reversal will be had in either the New York session of September 23rd, or the London and or New York session of September 24th.
Stay followed for updates
Note
Potential reversal area is at 145.000 as it intersects a trendline, supply zone, and numerous 3 figure EMA confluences.
Note
80 pips shy of shorting distance - stand byTrade active
Tighten stop losses for trading. Trade in profit. Trade closed: target reached
Partial close +250 pips. Continue holding trade.
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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.
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.