USDJPY: Two areas to sell, which one has more potential?
Dear traders,
This week has been incredibly volatile and uncertainty has likely led many traders to lose their entire capital. Here’s our view on the USDJPY in a smaller timeframe. There are two promising areas for sellers. The first shows strong price resistance, while the second suggests a potential move towards the second entry point. This could happen if the price fills the liquidity void, leading to a drop from that point. Consider setting a target at 150 or 148 and a stop-loss that aligns with your risk management.
Good luck and trade safely. If you enjoy our work, please like and comment for more. Also, follow us for regular updates.
Team Setupsfx_