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ElenaMayi
Feb 20, 2023 8:31 AM

USDJPY 4h(downtrend) Short

U.S. Dollar/Japanese YenFXCM

Description

USJPY

Analyze

Generally the direction is downtrend because price trade under strong resistance zone 134.45 - 134.93

so as long as price trade under that zone the price will be under sell pressure and to be sure should price stable under 133.81 by 1H candle then will drop to 133.18 , 132.76 , 132.19

for any reasons if price can stable above 134.93 by 4H candle then the direction will be uptrend and will finish all downtrend try and will reach 135.59 , 136.22 , 137.00

support line: 133.81 , 133.18 , 132.76
resistance line : 134.45 , 134.93 , 135.59
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