The USD/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 145.34
2nd Support – 143.81
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Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 145.34
2nd Support – 143.81
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Thank you.
Trade active
PlacedNote
In Good Profit
Trade closed: target reached
with Good Profit
Note
1. USD - Retail sales Growth is Weak. 2. USD - PPI reports Unexpected Decline.
3. USD - Initial Jobless claims reflect a steady labour market.
This indicates that the USD has weakened today. 📣📣
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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.