USDJPY is rising towards the sell entry at 147.238 which is an swing-high resistance and could potentially reverse from here to drop lower. Stop loss is at 148.600 which is a level that sits above a significant swing-high that took place in November 2022 and the 100.0% Fibonacci projection level. Take profit is between 145.850 and 145.591 which is a pullback...
USDJPY is falling towards the buy entry at 145.073 which is an overlap support that aligns with the 78.6% Fibonacci projection level and could potentially reverse from here to bounce higher. Stop loss is at 143.734 which is a pullback support level that sits below the 50.0% Fibonacci retracement level. Take profit is between 143.300 and 146.560 which is a...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for USDJPY . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Top-down analysis on USDJPY. Key levels and price action explained.