USDJPY SUPPLY LEVEL SELL

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Dolar A.S. / Yen Jepun (OANDA:USDJPY)

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OANDA:USDJPY Dolar A.S. / Yen Jepun

supportandresistance usdjpy usdjpyshort supply_and_demand supplyzone supplylevel supply_zone 1h sell

I have reason to believe price will be heading down. It reached the Supply Zone but cannot break through it. Also, there is a resistance line that price didn't close above yet within the zone. Now it may not reach 3:1 RR target because of the DZ waiting there. The DZ was violated, buyers were in control for a bit. So, there are buyers for sure. But the price didn't reach beyond 50% violation of the zone, which tells me there are more buyers. It's safe to just go for the 1.88:1 with your sights on the 3:1.

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I took T1. for the 1.88:1, because as you can see that Demand Zone still had buyers as I predicted.

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