USDJPY → Consolidating before the news....

8月14日

USDJPY has been in consolidation for a long time, correlating with the dollar. Traders are waiting for key news and are not ready to act early.

The currency pair is in the downward phase, which is a consequence of the strengthening of the Japanese yen on the background of the dollar's decline. The Central Bank of Japan actively considered the issue of raising rates, but postponed this step for later because of destabilized markets.
Today is an important report on inflation in the USA. So far, everything is going according to the Fed's plan. Markets are actively plotting the start of a Fed rate cut in September.
Technically, the bearish trend may continue, there is a huge pool of liquidity above 147.9, which may be liquidated before further decline.

Resistance levels: 147.9, 150.2, 150.86
Support levels: 146.29, 144.04

Technically and fundamentally we have prerequisites leading to a possible decline. We should wait for news to take some actions....

Rate, share your opinion and questions, let's discuss what's going on with ★ USDJPY ;)

Regards R. Linda!

8月15日

トレード稼働中

A resistance retest is formed

8月16日

トレード稼働中

A retest of trend resistance is forming.
But, there is no impulse yet...
False breakdown will accelerate the realization of the idea...

8月16日

トレード稼働中

FalseBreakout!
Down ↓

8月17日

トレード稼働中

The price is closing below the key level of 147.9
Friday's closing session also indicates that the price will continue its decline.
Targets remain the same

8月19日

トレード稼働中

8月28日

トレード稼働中

A support retest is forming
USDJPY is preparing to reach the target

8月29日

トレード稼働中

The pressure from the sellers continues.

8月30日

トレード稼働中

We continue to hold with the purpose of further decrease

9月5日

トレード稼働中

The currency pair is heading towards our target....

9月5日

トレード稼働中

Continuing to hold. Price could go even lower...

9月7日

トレード終了: 利益確定目標に到達

+760 pips!