FX.co ★ USD/JPY

USDJPY Chart Review: I want to analyze the movement of the USD/JPY pair from both a technical and fundamental perspective. The candlestick movement on the hourly chart is gradually increasing in the buyer's favor. Traders are gradually increasing their position sizes, but large traders are opening large positions without rushing. The larger the position, the greater the price rise. This is not very interesting. Trading advice: Sell. I am looking for a suitable entry point to trade. I am considering exiting the market. The targets are 157.511 and 156.811-156.661. Start selling at 50-150 pips. When the price bounces off the upper limit of the price channel, this is a sell signal. Once the upper limit is reached, the price will decline.

Once a reversal is formed, open a sell position and set a stop-loss level at the upper limit. At the same time, the price at 158.901 has broken through the threshold of 158.701, which means the downtrend is accelerating. When the price reaches 158.431 and a slight reversal pattern appears, you can take profits. According to the M15 timeframe, the trend strength is similar to the previous trading session, but technically volatility may be low. The price at 158.901 is above the 158.841 level of the blue line on the Envelope indicator, suggesting a potential sell-off. The indicator's threshold defines a safe zone, and crossing it determines a buy or sell option. The current market is at the peak of a selling season. On the 1-hour chart, the price reached 155.361 before rising.