Daily Outlook is Bullish H&S Reversal pattern but not yet complete.
Hourly Momentum high @ 108.62, has failed to continue higher. [2 candles closed below 108.62]
Daily Resistance is @ 108.45 area which has been tested once today, a break below 108.45 will intensify more selling in the usdjpy pair.
Hourly Momentum high @ 108.62, has failed to continue higher. [2 candles closed below 108.62]
Daily Resistance is @ 108.45 area which has been tested once today, a break below 108.45 will intensify more selling in the usdjpy pair.
Note
So, USDJPY is luring more buyers in. This is a normal reaction and the most attractive postion is to short this pair. I will keep udating this trade. Best area to short is 108.45Trade active
SELL NOW. SL = 108.93
Note
Downside Momentum?
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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.