U.S. Dollar / Japanese YenUpdated USDJPY Trade Idea
In yesterday's analysis, I discussed about the further bearish rotation. In yesterday's session, UJ basically hasn't performed much just some choppy price action. Currently remain neutral bias, will observe whether it's breaking the exhaustion pattern or perform some further rotation towards the 103.000 support zone. The current price action is very choppy and grinding sort of condition within a wide range (102.600 - 104.700), avoid over-trading and wait for a clear structure to form.
However, do not forget the overall trend on the higher timeframe remains bearish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
However, do not forget the overall trend on the higher timeframe remains bearish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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.