USDJPY Trade Idea
In yesterday's analysis, I expected UJ to have strong bearish rotation, which was exactly what the market performed. In today's trading session, I will be focusing on short-term selling opportunities. The only setup I will be taking is a rejection at 108.87 minor resistance zone with 108.436 minor support zone as the initial target. If price violates the minor resistance zone, the short setup is invalid. The market is currently in an over-extended condition, avoid chasing the buys.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast & educational content.
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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.