The economic news is still not good.
I expect a slight correction at daily resistance before continuing on a rise, if no good news is announced.
Stay very vigilant with the volatility of the JPY.
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Hello,Friends!
USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 142.875 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/JPY pair.
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M15 Swing has shifted bullish
i am open on both the side
because if u see on a 4H chart we got a bearish choch there
so M15 might be shifted bullish to facilitate pullback into the 4H supply
FX:USDJPY
Hello friends
It seems that the area marked on the chart can be an area for the end of the upward trend
To sell in it, be sure to wait for the formation of a downward trend on the lower time frame, and then enter the sale transaction.
Don't forget capital management and tird management
Hoping to make a profit
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don't think as retailers think like bank and institution
we grab the liquidity..............
Been uptrend for a loong time.
And there's no indication for a stronger yen yet( intervention)
It could come as a surprise next week.
As for today rebalancing.
Will still go long.
All the best.
Go go USD 1% today
Hey Traders👋🏻
On The Daily Time Frame The USDJPY Price Reached a Strong ResistanceLevel (142.255-141.267)✔
The Price Broke This Key Level (The Resistance Becomes New Support Level)
Moreover, The USDJPY has created a Rising Wedge pattern and trades inside.
So, I Expect a Bullish Move📈
i'm waiting for a Retest...
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TARGET: 145.050🎯
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