Potential Short USD/JPY (Medium-Term)
Looking too potentially short the USD/JPY above 108.00, based off technicals on the 6h chart and an indication of a bearish signal. The 107.00 represents a good take profit target and should allow for a favourable risk:reward relationship. The 1.700 level served as previous resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.