Analysis:
USDJPY is currently trading near 147.400. I am watching the level of 148.100 as a potential area to look for short entries.
From this resistance, I expect price to retrace lower towards the support zone of 146.500 – 146.000. This area could act as a demand zone where buyers may later step in.
Bearish Plan:
🔻 Short Entry: Around 148.100
🎯 Targets: 146.500 – 146.000
Insight:
This setup follows the idea of shorting near resistance and covering near support, aligning with the market’s structure.
Note: This is only my personal outlook, not financial advice. Always use proper risk management.
If this analysis helps, please like 👍, comment 💬, and share 🔁 to encourage me to share more USDJPY setups with the community.
Regards: Forex Insights Pro.
USDJPY is currently trading near 147.400. I am watching the level of 148.100 as a potential area to look for short entries.
From this resistance, I expect price to retrace lower towards the support zone of 146.500 – 146.000. This area could act as a demand zone where buyers may later step in.
Bearish Plan:
🔻 Short Entry: Around 148.100
🎯 Targets: 146.500 – 146.000
Insight:
This setup follows the idea of shorting near resistance and covering near support, aligning with the market’s structure.
Note: This is only my personal outlook, not financial advice. Always use proper risk management.
If this analysis helps, please like 👍, comment 💬, and share 🔁 to encourage me to share more USDJPY setups with the community.
Regards: Forex Insights Pro.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join our free signal channel t.me/ForexGoldpips81
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.