USD/JPY Selling Opportunity
🔽 USD/JPY Selling Opportunity 🔽
📌 Take Profit 1: 148.96
📌 Take Profit 2: 148.38
📌 Stop Loss: Above 150.35
💡Reasoning:
The USD/JPY pair has recently shown signs of weakness, with a potential reversal forming after hitting resistance around the 150.35 area. With key technical indicators suggesting a bearish momentum, we are anticipating a move down towards the support levels at 148.96 and 148.38. The risk of further upside seems limited unless we see a break above 150.35.
Make sure to manage your risk and trade carefully. Stay updated for more insights!
📌 Take Profit 1: 148.96
📌 Take Profit 2: 148.38
📌 Stop Loss: Above 150.35
💡Reasoning:
The USD/JPY pair has recently shown signs of weakness, with a potential reversal forming after hitting resistance around the 150.35 area. With key technical indicators suggesting a bearish momentum, we are anticipating a move down towards the support levels at 148.96 and 148.38. The risk of further upside seems limited unless we see a break above 150.35.
Make sure to manage your risk and trade carefully. Stay updated for more insights!
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
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.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
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.