USDJPY 1W Reversal
Updated
In smaller time frames, it looks obvious that USDJPY is moving up. 1D and 4H chart show bullish market up to the next resistance. I also have an idea on that
on my page. But now looking at the 1W chart. It actually looks like a previous strong 1W support. We have broken it and we may retest it and move downward. I also see this playing out within 1-3 months. 1W chart showing true direction. I don't think we will break this strong resistance. I want to see a big bear 1W candle to close and then enter short. Or find a smaller timeframe resistance to enter on.
on my page. But now looking at the 1W chart. It actually looks like a previous strong 1W support. We have broken it and we may retest it and move downward. I also see this playing out within 1-3 months. 1W chart showing true direction. I don't think we will break this strong resistance. I want to see a big bear 1W candle to close and then enter short. Or find a smaller timeframe resistance to enter on.
Note
1-3 weeks *
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