U.S. Dollar / Japanese YenUpdated USDJPY Trade Idea
In yesterday's analysis, I expected UJ to pullback slightly above the 105.70 minor resistance zone for further continuation to the downside, which was exactly what the market performed. In today's trading session, I will be aware of potential minor pullback or exhaustion pattern (Eg. flag, pennant, 1st pullback, etc) for further continuation towards 104.700 support zone. Be cautious if there's sudden strong pullback, that could send UJ to again re-test the 105.600 resistance zone. Stay reactive!
Do not forget the overall trend on the higher timeframe remains bearish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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
Note
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.
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.