Mahtab_Tradia

USDJPY Has Approached To The Resistance Level

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
We have a uptrend here and price is currently above the weekly pivot but it has approached to the first resistance level and also the upper band of the ascending channel . MACD shows a regular negative divergence. If price gets rejected by this level, I expect a downside bounce around 105.830 and if there was no bearish candle closed below 105.830 which is our weekly pivot , we can expect a rise again towards the next resistance level (R2) and then a rejection by R2, then a fall in price again. On the other hand, If the candle could close below the weekly pivot , we can expect the channel’s downside breakout and price can fall to S1 and S2 in the future.
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Comments

well done Mahtab bravoo
+1 Reply
Mahtab_Tradia TheSignalyst
@TheSignalyst thank you
Reply
nice keep up the good work
+1 Reply
@Babenski thanks
Reply
mahtab khanom kheyli khob. Vaughan aali hasti
+1 Reply
Mahtab_Tradia jasem_pump
@jasem_pump merci
Reply
Totally agreed, awesome
+1 Reply
Mahtab_Tradia Investroyllc
@Investroyllc Appreciate your support
+1 Reply
great short positions
+1 Reply
Mahtab_Tradia Yuriy_Bishko
@Yuriy_Bishko Appreciate your support 🙏🏻
Reply
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