USDJPY SHORT OPPORTUNITY
Price is generally in a downtrend after the previous high on 22 March 2021 on the weekly TF. The daily TF presents price impulsively at 109.342. Theres a probability of it breaking the level in a false breakout and then coming back into the trendline for the short i anticipate to level 107.491. The 1 hr however shows price currently in a consolidation phase forming a flat continuation pattern to the upside before it can make the downward movement.
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.