Time a short entry on USDJPY for some nice profits!
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No mystery that USDJPY0.89% has been on a sharp sell off recently, I think there is till more room left to the downside. The past 2 days are most likely full of a lot of profit taking from swing trades on the short side.
Watch for a quick break over the bottom res line and a consolidation between that and the upper res line/fib level before a breakout downward.
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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.