USD/JPY Trading Analysis (28/04/2025)
The trend is descending. The currency pair is trading in the range between 365 and 135 EMAs. The downward truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell when the formation of the descending wave structure begins.
- Stop-loss at 144.040.
- Price targets at 142.300 and 140.500.
#usdjpy #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
