davyon

US/JPY possible outcome market opening next week

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Im going to be watching for the big volume to come in next week, to determinate if we'll get a rebound of the trend line or a breakout(reversal) at that resistance level.
As for the yellow zone, those are possible supply/demand zone for possible take profit.

Also we can see the ABCD harmonic Pattern formed in the shorter timelines.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.