USD/JPY Potential bearish to 113.
1. The previous bullish trend was broken at 117.335
2. Then bounced up to retest the previous high at 117.600
3. First support which is currently R1 was broken at 117.000
4. S1 was tested and it seems to come back again to the same level or breakthrough and continue downward to 114/113 green highlighted price range.
Waiting for this downtrend to reach S1 is ideal weather it continues downward or bounces long.
2. Then bounced up to retest the previous high at 117.600
3. First support which is currently R1 was broken at 117.000
4. S1 was tested and it seems to come back again to the same level or breakthrough and continue downward to 114/113 green highlighted price range.
Waiting for this downtrend to reach S1 is ideal weather it continues downward or bounces long.
Transaction en cours
Price might test 117.100 today prior/during trump speech. A potential bounce from this level back to 115.000 is expected.Recommendation:
Stay flat if you are a conservative trader.
You can go long from current prices 116.180 with TP@ 116.750 and SL@ 115.790
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.