USDJPY-- preferred scenario & the alternative 29/9/2021
Hello dear friends,
USDJPY had a very powerful purchasing power without any kind of major correction, and now it shows a weak purchasing momentum which could lead to a major correction into the levels shown on the graph.
The preferred scenario is shorting the market after breaking level 111.21, and you could start your short position now with a minimal stop loss just above 111.50 level.
Of course, the alternative scenario would happen if the market accumulated purchasing power again above 111.50 we would see a continuation for the uptrend.
Be prepared for any scenario to happen and wishing you a happy trade.
USDJPY had a very powerful purchasing power without any kind of major correction, and now it shows a weak purchasing momentum which could lead to a major correction into the levels shown on the graph.
The preferred scenario is shorting the market after breaking level 111.21, and you could start your short position now with a minimal stop loss just above 111.50 level.
Of course, the alternative scenario would happen if the market accumulated purchasing power again above 111.50 we would see a continuation for the uptrend.
Be prepared for any scenario to happen and wishing you a happy trade.
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Be aware