USD/JPY Needs to Correction Before Trend Following
Updated
USD/JPY has experienced significant bullish movements due to the Bank of Japan's negative interest rates amid high inflation. With a bank holiday in the USA on Monday, there is a chance of decreased liquidity for the USD, providing an opportunity for JPY to pause and potentially initiate a retracement.
"Take small risks for these retracement because JPY is getting weaker in future"
"I'll provide an update on USD/JPY for the bullish movement when I feel that the price is ready to resume its upward trajectory."
USDJPY
"Take small risks for these retracement because JPY is getting weaker in future"
"I'll provide an update on USD/JPY for the bullish movement when I feel that the price is ready to resume its upward trajectory."
USDJPY Trade active
Trade closed manually
Note
s3.tradingview.com/snapshots/i/i8F7PcKP.pngThe price can go higher, but it can also be a fake breakout. Therefore, we should watch it carefully. JPY has shown numerous bullish movements, and I believe the price should retrace before making further moves. I will provide updates on the best opportunities to trade JPY pairs."
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