Get started
Scott_The_Chartist

USDJPY - watching 131

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Scott_The_Chartist  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Wave Analysis Beyond Technical Analysis USDJPY Contains image
4
4
trendanalysis waveanalysis beyondta usdjpy containsimage
With USDJPY the zone around 131 could provide some resistance to push down lower below 127.

We are at another important point of control left from the way up - historically loosing these broad POC's has made for a strong push down in the trend. Potentially this third push would be a large enough move to break below the 124 mark

Happy trading - stay agile

Related Ideas

Scott_The_Chartist
USDJPY - zone hit
Scott_The_Chartist
DXY - The Rise and Fall
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.