Best opportunity for USDJPY short position
As we can see price is forming higher highs but RSI forming lower lows which indicates the negative divergence. So in near term we can see some corrections.
Sell usdjpy @126.300-126.500
SL:- 127.500
Tp:- 1) 126
2) 125.500
3) 125
4) 124.500
5) 124
Price may go down more than 124 if some good news we can here from BOJ next week or else the current uptrend will continue if jpy remain weak in coming days. If jpy get's it strength back than we can see good correction in USDJPY upto 120-118 range in coming days.
It's a recovery idea for the previous once which hits SL 😔
Sell usdjpy @126.300-126.500
SL:- 127.500
Tp:- 1) 126
2) 125.500
3) 125
4) 124.500
5) 124
Price may go down more than 124 if some good news we can here from BOJ next week or else the current uptrend will continue if jpy remain weak in coming days. If jpy get's it strength back than we can see good correction in USDJPY upto 120-118 range in coming days.
It's a recovery idea for the previous once which hits SL 😔
Related publications
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.