U.S. Dollar / Japanese YenUpdated USDJPY Trade Idea
UJ is currently in a range bound condition after a strong downtrend momentum. In yesterday's forecast, I expected the market to break below the pivot trendline and re-visit 103.000 previous swing low as price had multiple rejections off 103.700, which was exactly what the market performed. Will be focusing on long-term selling opportunities if price breaks below 103.000, with a break & re-test setup with 102.000 as the primary target. Avoid holding overnight position today due to the public holiday and possible weekend gap.
Trade safe.
Do follow my profile for daily fx forecast.
Trade safe.
Do follow my profile for daily fx forecast.
Note
Previous analysis
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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.