I've been on the edge for some time whether or not to go short on USD/JPY - but if the pair can close below 109.700 with either a few solid 1 hour candles breaking and closing below, or one 4 hour candle breaking and closing below, that should be good indication that a fresh bearish breakout will come into play, driving it towards the bottom of the 4hr trend line.
Trade active
Trade closed: target reached
First target hitTrade active
Trade closed: target reached
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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.