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Hsan_Benhmed
Apr 8, 2024 5:27 PM

USDJPY - 2 SCENARIOS 📉📈 Short

U.S. Dollar/Japanese YenFXCM

Description

Hello Traders !
On The Daily Time Frame, The USDJPY Reached The Resistance Level (151.908 - 151.318).
So, We Have 2 Scenarios:

BEARISH SCENARIO📉:
If The Market Breaks The Support Level (150.261 - 150.693) and Closes Below That,
We Will See a Bearish Move📉
TARGET: 147.150🎯

BULLISH SCENARIO📈:
If The Price Breaks and Closes Above The Resistance Level ((151.908 - 151.318),
We Will See a Bullish Move📈
TARGET: 154.620🎯

Comment

The Resistance Level is Broken !
So, I Predict a Bullish Move 📈.
Comments
Hsan_Benhmed
What Do You Think About USDJPY ?
johnnybrad
@Hsan_Benhmed, The same !
Hsan_Benhmed
Welcome 🔥
TradingClue
I‘d go with the bearish scenario, since price is currently ranging above an untouched monthly pivot …
Hsan_Benhmed
@TradingClue, Great !
Wait For Breakout !
PrimeTrading
Seems like the breakout scenario is playing out 👍
155 next target (if the BOJ doesn't intervene)
Hsan_Benhmed
@PrimeTrading Good Luck 🔥
yusukeang
Support you,jpy is useless currency ever
Japan government say want to intervention,then nothing happen.
Fly to 160!!!!
Hsan_Benhmed
@yusukeang Thank You For Your Comment ❤️
TheFxAce
You make a strong argument for expecting a market correction.
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