USD/JPY Correction Could Offer Shelling Opportunity
In my USD/JPY analysis last week, I mentioned a high probability of the pair breaking support and continuing its decline.
That scenario has played out, with USD/JPY dropping below the key 151 support zone and now trading around 149.50.
An upside correction may be next, potentially providing traders with an opportunity to enter short and ride the downtrend.
Conclusion:
Rallies around 150.50 should be seen as selling opportunities, and as previously stated, I expect a further drop to 146. 📉
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
That scenario has played out, with USD/JPY dropping below the key 151 support zone and now trading around 149.50.
An upside correction may be next, potentially providing traders with an opportunity to enter short and ride the downtrend.
Conclusion:
Rallies around 150.50 should be seen as selling opportunities, and as previously stated, I expect a further drop to 146. 📉
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
منشورات ذات صلة
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.