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USD/JPY Intraday Signal: Downside Toward 146.65

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Trade Signal Description:
Strategy : FXNova
Symbols : USDJPY
Type : Sell
Enter : 147.80
Stop Lost : 148.30
Target A : 146.95
Target B : 146.65
Target C :
Risk : Medium
Description : USD/JPY turns bearish below 148.00, with RSI signaling a fresh downleg toward 146.95 and 146.65

USD/JPY Intraday Signal: Downside Extension Toward 146.65

USD/JPY is showing weakness below the pivot level at 148.00. The RSI signals the potential for a new downleg, keeping the bearish bias intact. As long as price stays below 148.00, further downside is expected toward 146.95 and 146.65. A break above 148.00 would shift the short-term outlook bullish, targeting 148.30 and 148.55.

Enter: 147.80
SL: 148.30
Target A: 146.95
Target B: 146.65

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Our signals typically include up to three Take Profit (TP) levels. Here’s how to manage them effectively:

  • Once the price approaches TP1, move your Stop Loss (SL) to the entry point to make the trade risk-free, and adjust your TP to the second target.
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It is essential to:

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