Welcome again dear traders, Now we come with USDJPY Technical Analysis. Let’s dive into the analysis.
Today’s USDJPY Technical Analysis:
💸 The USDJPY pair is highly volatile after reaching an all-time high. The price broke the trend line but is being tested again, creating two possible scenarios.
Two Possible Scenarios:
🔼 Scenario 1: BUY
- BUY if: Price rises above 156.500 and breaks the trend line
- Target Profit (TP): 157.500
- Stop Loss (SL): Below 156.500
🔽 Scenario 2: SELL
- SELL if: Price bounces off the trend line
- Target Profit (TP): 155.500
- Stop Loss (SL): Above 156.500
❓ Do you trade USDJPY today? Write in the comments! 👇
