USD/JPY - Potential Targets & Outcomes

أمس

Dear Friends,

How I see it:

If price can find enough demand above 148.500, pair might attempt a rally.

Potential Long Targets - reasons indicated.
1) 150.185
2) 150.730
3) 151.173

If strong bearish behavior under 4HR trend persists with
DXY holding under 107.

Potential Short Targets -
1) 148.600
2) 147.324
3) 146.480

Key notes:
Price is currently at a pivot; possible reversal attempts or further decline.
I would only consider any rally a reversal "attempt" - above the 38.20% FIB.
Otherwise, all rallies will just be corrections.
In a bearish environment - SELL THE RALLIES.

Thank you for taking the time to study my analysis.

قبل ٢١ دقيقة

ملاحظة

First possible correction TP's:
TP 1 - 150.000
TP 2 - 150.150
TP 3 - 150.185 as indicated above

قبل ١٤ دقيقة

ملاحظة

Selling pressure should dissipate a little above 149.700.
Remember this is a BEARISH environment, to wait the correction out to sell will be prudent.
If I was forced to buy, I would only consider closer targets within imbalance as indicated on Note!

قبل ١١ دقيقة

ملاحظة

It might not even make it above 149.700. It does not have to fill the balance today or this week.
Japan has a public holiday today, so New York session will show us more quality and energy.