$USDJPY Long
Coming to the start of a Phase B distribution. I'm hoping I'm currently looking at an AR entry because, this to me looks textbook like the perfect setup. However, technicals aren't looking as nice. Liquidity in the area has already been tapped and thus invalidating the zone. Momentum has been at a high on weekly but is currently looking downwards.
I'm currently 50-50 on this trade and will likely sit this out. However, if the YoY US Inflation data show a drop in inflation, I believe we could see continuation in distribution as the US battles against the conservative yen.
Will keep yall posted!
USDJPY
I'm currently 50-50 on this trade and will likely sit this out. However, if the YoY US Inflation data show a drop in inflation, I believe we could see continuation in distribution as the US battles against the conservative yen.
Will keep yall posted!
USDJPY 
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.