USD/JPY Technical Bear Hypothesis 300609 [Trade]Current territory: JPY
Current Main Momentum: JPY
Current Zone: JPY
Main Resistance Materials: Japan inflation control, & traders selling-off (Strong)
Main Support Materials: Constituents USD prior Overbought MM (Weak)
Issue: Price Bear Continuation within Main Momentum
Valid observation:
• Possible bearish pivot point at <>96.3ish (Daily/H4)
• Stop loss <>97.73ish
• Possible price significant excess towards Target 1 at <>95ish
Risk to Profit ratio: 1:1
Consensus: JPY 3/3 bias
Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.
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