USDJPY - Trading Plan

USDJPY - Trading Plan

Feb 08, 2024

I believe the downtrend will resume, but I'm unsure at which level the price will respect and start to lose strength, so we can't add sell orders yet. The price is approaching the daily sell zone, which is a sign that we are near an excellent trading level. The break of the 147.985 level could be a signal that the downtrend has resumed. We should wait for more price action before trading. I will be vigilant for the trend line break to sell USDJPY.

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