USDJPY | Perspective for the new week | follow-up details

After being part of the second wave of the bullish journey that began 3 months ago; the appearance of a reversal pattern on the 4H timeframe might just be a signal that selling momentum is evolving behind the scenes as we head into the new week. In this video, I shared my technical opinion and how I plan to trade the USDJPY in the coming week.

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Dagangan aktif:

The Bearish trendline appears to be my guide for selling opportunities this week and if the price rises back to the neckline at 143.750, a multiple rejections of this level will also support a bearish perspective.

Good morning

Dagangan aktif:

Price continues to move as expected as the bearish trendline remains my yardstick for bearish tendencies.

Good morning

Dagangan ditutup secara manual:

Stopped out at entry. Let's see what happens after the Consumer Price Index which has affected the USD positively

Komen:

After being taken out of the sell position due to the result of the Consumer Price Index yesterday; considering the multiple rejections of the supply zone @ 145.000 zone, the current setup still portrays a bearish expectation. If a breakdown/retest of 143.750, I might be thinking of a sell continuation today.

Good morning

Dagangan aktif:

breakdown/retest of 143.750 confirms my expectation. I am moving my stop-loss to break even.

Dagangan aktif:

Are we having another rejection of the neckline?

Good morning

Dagangan aktif:

Price action continue to move as expected