USD/JPY: Bearish Downtrend Persists, Short Setup in Focus
The USD/JPY currency pair continues to exhibit a bearish downtrend, as previously highlighted in the analysis. The price has encountered a rebound within the resistance zone of 138.000 - 139.000. Given this context, we are currently seeking a short trading setup that aligns with the overall downward trajectory of the pair.
Despite any potential short-term fluctuations or counter-trend movements, our focus remains on the prevailing bearish momentum. The resistance area mentioned has served as a significant hurdle, preventing the price from further upside movements and reinforcing the bearish sentiment.
As market participants, we are actively monitoring the price action and identifying suitable entry points for a short position that aligns with the primary downtrend. By capitalizing on the continuation of the bearish trend, we aim to take advantage of potential downside moves in the USD/JPY pair.
Despite any potential short-term fluctuations or counter-trend movements, our focus remains on the prevailing bearish momentum. The resistance area mentioned has served as a significant hurdle, preventing the price from further upside movements and reinforcing the bearish sentiment.
As market participants, we are actively monitoring the price action and identifying suitable entry points for a short position that aligns with the primary downtrend. By capitalizing on the continuation of the bearish trend, we aim to take advantage of potential downside moves in the USD/JPY pair.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.