FX.co ★ USD/JPY

Hello traders, Today, the price for the USDJPY pair is at a level where it is best to sell from the nearest level of 143.60 and from the level of 143.90. Additionally, the trend indicator is above the instrument's price, indicating selling pressure. I consider targeting the support at 143.30, with a stop loss for sales at the level of 144.10. An additional selling signal is provided by the RSI indicator, which is in the overbought zone. The fifteen-minute chart also confirms selling opportunities, as the moving average on the M15 is above the price chart. A selling level to consider is 143.70, with sales being fixed at 143.40, and in case of unfavorable conditions, losses should be fixed at 143.90. Both the H1 and M15 timeframes suggest that selling the instrument is the most favorable strategy.