USDJPY 1D Analysis
USDJPY is currently experiencing rejection at a significant resistance level, which also aligns with a supply zone. On the 4-hour time frame (TF), the price is forming a double top pattern, suggesting the potential for a bearish price decline towards the marked support level, which may coincide with the bullish trendline.
However, it's also possible that the price is currently consolidating at its current level before eventually breaking out of the resistance level, leading to a continuation of the uptrend. In such a scenario, I would be on the lookout for a buying opportunity.
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However, it's also possible that the price is currently consolidating at its current level before eventually breaking out of the resistance level, leading to a continuation of the uptrend. In such a scenario, I would be on the lookout for a buying opportunity.
What are your thoughts on this analysis? Please share your comments below
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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.