InvestMate 💱 USD/JPY Reaching the First Resistance Zone 💱

6 ก.พ. 2023

💱 USD/JPY Reaching the First Resistance Zone

💱 Nearest strong support zone: around recent lows.

💱 Nearest strong resistance zone: around the fibo level 0.236 of the downward wave.

💱 Technical environment:

📊 Moving averages: 50/50.

📊 MACD: Uptrend

📊 RSI: Uptrend

💱 Price Action: USD/JPY As I wrote in the last post, the first resistance zone has been reached, where we can expect a reaction that will bounce the price south again. I encourage you to observe this pair on lower intervals to find a turning point.

📉 The scenario I'm playing is to wait for the beginning of a downward retracement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀

10 ก.พ. 2023

บันทึก