USDJPY Analysis
Price retraced nicely to the 70.5% Fibonacci Retracement area. looking for a sell this week if price does not break above the 79% retracement. The Yen is slowly showing signs of recovery and on the COT reports shows more short being closed against the Yen and more longs being opened, indicating USDJPY to start dropping and hunting the Liquidity that lying below.
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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.