USD/JPY Discussion

USDX H4

How price reacts when it gets to the trend line, and how will tell the tale. If we find ourselves at that area of intrest before we hit the trend line, there is likely to be more attention below at some point. However if we move up slow and touch the trend line as we enter that area, that downward pressure increases. Lastly the bull lean. Looking left we see how price reacts. So, if we want to have more bullish continuation price needs to play this line the same way it did or similar in the past. Cross it, then use it to push off of.
Short term bullish. If we dip I will wait until the botom of this double hit area and add or cut accordingly. Still a little room below to bounce off of. We took out liquidity from the first time we were here, but is that enough is the question. This year's target remains 172.. possibly 187.




We can also close this cup below, and if we blow through the yellow with strength 140 and maybe even 142 will be re introduced. If this comes in on the daily I think more than likely that day will end with a long tail vs a solidly bearish candle.

I think we are in for a bullish trend

On Friday, the USDJPY price action on the daily time frame made a bullish pullback to the bearish drive to the 149.220 horizontal support area (green) after a period of consolidation in the early part of last week. The technical impulse favours bears more than bulls. So, a southward turnaround is imminent.

I may be wrong. Trade safe and prosper.

KP

chuẩn bị vòng lên chưa bạn .để canh buy

Watch gold closely, going for trade line:

Hope you closed these.


Next area of S/R is 152 IMO unless we dip below 150.5. Will add more on the retest of 151.6

just chilling around 149.42 after a drop, waiting to make a move.

It is assumed that imposing tariffs will lead to higher prices, which will lead to inflation and an increase in the value of the dollar.