USD/JPY - Wait for price action

2021년 11월 10일

USDJPY



Price in overall uptrend on Daily chart, but after testing resistance multiple times, price failed to break above the 114.50 level.

Price pulled back, breaking down through the nearest support level, driving towards second support.

Look for opportunity in the yellow price action box area.

Use confirmation signals like candlesticks to validate a continuation down or price bouncing back up continuing uptrend.