USDJPY Rebound Faces 148.300 Resistance, Eyes on 146.900 Target!
Hey Traders, In today's trading session we are monitoring USDJPY for a selling opportunity around 148.300 zone. USDJPY has been moving lower overall, with price currently correcting toward the 148.300 area.
Structure: The broader bias has been bearish, but recent price action is showing a short-term pullback.
Key level in focus: 148.300 — previously acted as support/resistance.
Next move: Rejecting this zone could resume the bearish move, with 146.900 as a potential target since it aligns with the partial trend and a key support area. A break above 148.300, however, would question the downside bias.
Monitoring how price reacts around 148.300 to see whether sellers regain control or if the correction deepens.
Trade safe,
Joe.
Structure: The broader bias has been bearish, but recent price action is showing a short-term pullback.
Key level in focus: 148.300 — previously acted as support/resistance.
Next move: Rejecting this zone could resume the bearish move, with 146.900 as a potential target since it aligns with the partial trend and a key support area. A break above 148.300, however, would question the downside bias.
Monitoring how price reacts around 148.300 to see whether sellers regain control or if the correction deepens.
Trade safe,
Joe.
Сделка активна
Decent downsides as expected on DXY, USDJPY bears should benefit from that!
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Free Telegram Group:
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
t.me/+0LGgMsgX9TViOGZk
The 1% Traders Club:
t.me/+dMaf68BK5c5hZDA8
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.