USDJPY: Mapping levels
USDJPY seems to have launched a very strong uptrend from an intermediate term consolidation.
I think we will see a pullback very soon, which could be a buying opportunity.
Currently to have a balanced distribution curve, we'd need to see a move extend past the low volume resistance, and hit 122.976, which could then act as a potential top and reversal level.
I'm not trading this pair yet, but looking at it for an entry.
It'll be interesting to see if this trend launches into a weekly uptrend or not, which remains entirely possible, but not yet confirmed, nor even hinted at by price action.
Good luck,
Ivan.
I think we will see a pullback very soon, which could be a buying opportunity.
Currently to have a balanced distribution curve, we'd need to see a move extend past the low volume resistance, and hit 122.976, which could then act as a potential top and reversal level.
I'm not trading this pair yet, but looking at it for an entry.
It'll be interesting to see if this trend launches into a weekly uptrend or not, which remains entirely possible, but not yet confirmed, nor even hinted at by price action.
Good luck,
Ivan.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.