USDJPY (Looks Like BEARISH)
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Generally, the direction is uptrend
Uptrend Side: The price has continued a tread above the resistance zone at 157.63. the price will encounter the trendline of the progress channel. A confirmed breakout of the channel, marked by the closing of a 4-hour candle, would likely propel the price toward 159.24.
Downtrend Side: A strong barrier is in place, potentially driving the price downward toward 156.01. Currently, the price is trading above the resistance level of 157.63. Additionally, the channel barrier serves as a significant obstacle, likely exerting further downward pressure if the price comes into contact with it.
Tendency Keys: 157.63
Uptrend Side: The price has continued a tread above the resistance zone at 157.63. the price will encounter the trendline of the progress channel. A confirmed breakout of the channel, marked by the closing of a 4-hour candle, would likely propel the price toward 159.24.
Downtrend Side: A strong barrier is in place, potentially driving the price downward toward 156.01. Currently, the price is trading above the resistance level of 157.63. Additionally, the channel barrier serves as a significant obstacle, likely exerting further downward pressure if the price comes into contact with it.
Tendency Keys: 157.63
Trade attivo
Based on my analysis, the price has declined and is currently trading below 157.63. This indicates a likely continuation of the downward trend, with a target of reaching 156.00.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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