USD/JPY 4H SHORT
USD/JPY May fall 50-100 pips
Insight - Price is moving in an ascending channel and has hit resistance at 111.53. Price is likely to continue downwards to hit support at 109.90 or lower.
Intraday - 4H
Trade: Sell
Sell or Below: 111.53
Target TP: 110.91 & 109.90
Pivot and Support 111.53
Alternative scenario:
Trade: Buy
Buy or Above 111.53
Target TP: 112.27 & 113.1
Insight - Price is moving in an ascending channel and has hit resistance at 111.53. Price is likely to continue downwards to hit support at 109.90 or lower.
Intraday - 4H
Trade: Sell
Sell or Below: 111.53
Target TP: 110.91 & 109.90
Pivot and Support 111.53
Alternative scenario:
Trade: Buy
Buy or Above 111.53
Target TP: 112.27 & 113.1
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