usdjpy short
Updated
It is quite possible that the recent bull run on the Yen has been exhausted and price is showing consolidation on the 1H as well as getting closer to 200EMA. Watch 1H and 15m for the confirmation of short term trend exhaustion and rejoin D trend near potential peak w/ target around 111.0-111.20 area based on prior SR to be further confirmed by analysis once trade entered.
Trade closed: target reached
Nice.
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.