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USD/JPY Weekly Setup 27-Sept-2021

 

 Weekly Chart :

USD JPY Weekly Setup

 

This is my Weekly USD/JPY Chart Setup, as We can see the USD JPY has been ranging for several weeks within range of 110.742 to 109.26, Although my analysis on Weekly Time Frame suggest that the price of the USD/JPY should reverse soon, but in the Daily Chart the momentum is still strong.

 

Daily Chart :

USD JPY Daily Setup

 

Conclusion:

My tactics for this setup is Wait and See and looking for Sell Opportunity, When the price fall Below the High Range  (Green dot on the Daily Chart) that is the best opportunity to Sell with the First target is the Upper Channel of the Daily Chart.