USDJPY Short or Long?
After an initial bearish setup and a short trade closed at 2.5 RR, the market is now showing signs of resistance around 137.70. At this point, I have identified a potential demand zone, which is an area where the price could bounce before continuing its downward trend. However, this zone could also act as a strong resistance before we see the price go even lower. That's why, in case of a short trade, I have set a target price of 132.20.
Let me know what you think in the comments.
Have a nice trading day!
Let me know what you think in the comments.
Have a nice trading day!
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