USD/JPY - Possible Bearish Sequence
USD/JPY is struggling after reaching these Highs it hasn't been to since back in Nov' of 22!
*Given there is room for price to go higher*
Price created a High on Sept' 5th with two attempts to break it afterwards (Sept' 6th & 8th)
*Unable to do so creating a Lower Low! (Sept' 11th)
Today the bulls gave another attempt to bust up but were DENIED!! (after positive CPI)
*Showing me tells of possible upcoming BEARISH TERRITORY!
-Bearish Prediction
*If price breaks up above 147.746, setup - INVALIDATED
*If price breaks down below 145.897, price action will initiate my Trade Action Plan!
Be Aware! USD News:
PPI, Sales & Unemployment Claims - 14th
*Given there is room for price to go higher*
Price created a High on Sept' 5th with two attempts to break it afterwards (Sept' 6th & 8th)
*Unable to do so creating a Lower Low! (Sept' 11th)
Today the bulls gave another attempt to bust up but were DENIED!! (after positive CPI)
*Showing me tells of possible upcoming BEARISH TERRITORY!
-Bearish Prediction
*If price breaks up above 147.746, setup - INVALIDATED
*If price breaks down below 145.897, price action will initiate my Trade Action Plan!
Be Aware! USD News:
PPI, Sales & Unemployment Claims - 14th
Comment:
Even after Positive results from news events, USD has still been unable to go higher!!
