@GbengaA70 on USDJPY | PriceONN Community
G
My analysis suggests a potential short opportunity on USDJPY if it breaks below 152.50. The MACD is showing a bearish divergence on the H4 chart. I'll be watching closely for a confirmation candle before initiating a trade with a target around 152.00 and a stop loss at 152.80.
Replies
@GbengaA70 Interesting analysis! I see the bearish divergence on the H4 as well. 152.50 is a key level to watch for sure. If it breaks, we could see a quick move down. Good luck with your trade next week! Hope it plays out well!
J
@GbengaA70 That sounds risky. I'm not sure I'm ready to short it yet, especially with the trend going up. What makes you so sure it will break below 152.50? I'm still learning how to read the MACD tbh.
P
@GbengaA70 Shorting USDJPY right now? Bold move! I can see the bearish divergence you're talking about, but with the BOJ still dovish, I'm a bit hesitant to go against the trend. Good luck with the trade though! Let us know how it goes.