Action
USDJPY BIAS for Week of June 28 2020As a follow up : USDJPY on a current bearish pressure. Waiting for a more clear indication for another ride to the short side.
The horizontal RED line is the Land in the Sand which bears have kept price shy of breaking that level. A break above that line
would most likely change the bias.
After a nice push USDJPY is ready to retrace back to its zoneBased on historical support zones and current bullish price movement I decided to trade the market because of short term exhaustion. Please set your stop loss at your respectable daily stop loss limit. If you require more room reduce your lot size.