Thats my trade for today- usdjpy. On D1 very nice to see resistance level. It is first logick place to stop. After so big move( from 101.10 to 116.17) Time to relax ;). It is situation on D1. For now we need to wait and see how D1candle will close. Tomorrow morning we will start selling.
That should interest you
The USDJPY is testing a confluence of support at 108.00 today.
I mentioned this area in the last weekly forecast video.
It’s the intersection of a trend line support from the 2021 low and the 2015 weekly trend line.
USDJPY weekly time frame
The USDJPY has…
The 12-day baseline remained bullish during the recent three-week descent, and last week, the 24-hour baseline turned bullish as well. Given that I am looking at a green hourly candlestick after having observed price testing the 16-hour temporal support level…