USD JPY retest : be ready for the next short
Updated
As you can see, we are in a strong downtrend background, RSI showing it clearly. I expect a retest of the support level and a lower low all the way down to the weekly support at 108.160. Once the price shoes a rejection of the previous support, we can place a sell till the next level.
Trade closed: target reached
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.