U.S. Dollar / Japanese YenUpdated USDJPY Trade Idea
In yesterday's analysis, I discussed about 103.700 as a key support zone to hold, however, price is currently showing sign of bearish momentum violating 103.700 support zone. The current price action of UJ is slightly choppy, we could expect some short-term grinding movement back towards the 103.000 support zone. Personally, I wouldn't favor any UJ setup due to the lack of volatility and the current range bound condition. Do not forget the overall trend on the higher timeframe remains bearish.
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Note
Previous analysis
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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.