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RLinda
May 24, 2022 6:25 AM

USDJPY ! push for support. Waiting for a breakdown Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY can no longer rise. After a false breakout of resistance 131.25, the price goes into a flat phase and trades between levels 128.97 - 131.25. The price tried to go down, but a false breakdown was formed, after which there was no growth and the price fell into the lower flat between the levels of 128.97 and 127.45.

After a false breakdown of 127.45, the price does not grow, but returns to a near retest and forms a price squeeze to support. I'm waiting for a breakout and a price drop. In the short term, I'm interested in the target - 125.1 (liquidity zone)

Sincerely, R. Linda!
Comments
JoeChampion
Amazing idea, i think USD shorts will work pretty cool against JPY and CHF!
SwallowPremium
Agree! Thanks
yonsfx
Love it Linda
Michael_Winner
Nice one dear Usd/Jpy chart, Thanks for sharing !
HAMED_AZ
Good idea
Phoenix974
Your idea just helped me beat my daily target by 50%. Thank you!
ProjectSyndicate
reasonable target for position traders.
KlejdiCuni
completely agree with your idea.
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