VasilyTrader

USDJPY: Important Decision Ahead

بيع
FX:USDJPY   دولار أمريكي / ين ياباني

USDJPY is trading in a strong bearish trend .
The price is falling in a major falling channel for a quite long period of time.

However, since November the price is in consolidation.
The market is stuck within a 103.7 - 104.7 horizontal decision range.
While the price is inside, the future direction of the pair is unknown.
I am waiting for a breakout.

In case of a bearish violation, sellers will most likely push the market lower.
Goals will be:
103.3 current structure low
103.0

In case of a bullish violation, with a high probability, the price will go higher.
Next goal for buyers will be:
105.4 current local structure high.

Because the trend is bearish , I remain bearish biased.
But who knows...
We know how stubborn yen can be.

Have a great weekend!

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.