USDJPY- Short
On Monday 29/04/2024 the Bank of Japan intervened against the Yen decline. At the writing of this idea price are calm since we are awaiting the NFP news release today.
Technically price is below the dynamic resistance on the four chart, however the mean deviation is too great therefore price are likely to retest the dynamic resistance at 155.000 and start falling with the target at 152.000.
Summary
Entry = 155.000
Target = 152.000
If you can trade it to the upside before the short position do so with caution.
Plan your trade, Trade the plan.
Boost and Follow, let's Grow together!!!
Technically price is below the dynamic resistance on the four chart, however the mean deviation is too great therefore price are likely to retest the dynamic resistance at 155.000 and start falling with the target at 152.000.
Summary
Entry = 155.000
Target = 152.000
If you can trade it to the upside before the short position do so with caution.
Plan your trade, Trade the plan.
Boost and Follow, let's Grow together!!!
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