USDJPY is in an uptrend but there is not much momentum left in it and might cannot brake the strong resistance at the 111.5 level which means it could bounce from that and have a retracement. If it struggles too much at the 111.5 level try shorting the pair
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.