BluetonaFX - USDJPY Price Channel Breakout SHORT Idea
Hi Traders!
USDJPY looks to have exhausted near the psychological 150.00 level, and there is a possibility of a large pullback to the long-term bullish trend we have had over the past few months.
Price Action 📊
There has been a momentum break below the ascending price channel and the 20 EMA.
We are looking for further momentum to take the market further below.
Fundamental Analysis 📰
Weaker than expected USD GDP figures have slowed down the US dollar's strong momentum.
Support 📉
148.460: PREVIOUS SWING HIGH
Resistance 📈
149.506: DAILY HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDJPY looks to have exhausted near the psychological 150.00 level, and there is a possibility of a large pullback to the long-term bullish trend we have had over the past few months.
Price Action 📊
There has been a momentum break below the ascending price channel and the 20 EMA.
We are looking for further momentum to take the market further below.
Fundamental Analysis 📰
Weaker than expected USD GDP figures have slowed down the US dollar's strong momentum.
Support 📉
148.460: PREVIOUS SWING HIGH
Resistance 📈
149.506: DAILY HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Trade closed manually:
Aggressive pullback candle, manually closed near target area.