Week 5 2020 - USDJPY

Hi traders,

Last week we called for shorts below the 109650 level, we should be looking for a bounce as we come into the 50MA, R1, the retracement levels and the low of the range.

For this asset we should be looking for some consolidation and a breakout of these regions to the upside before we take a long position.

All the best,
Aardall
Pivot PointsSupply and DemandSupport and ResistanceUSDJPYusdjpyanalysisusdjpylong

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