USD/JPY LOOKING BEARISH HEREwith the dollar looking too loose some strength this week and how horrily weak the jpy pairs have been, it makes sense we see a Correction with the USD/JPY pair
looking to enter shorst at this bos area we have a clean retest and rejection from
also as shown in the image we can see clearly we had a Backtest retest rejection of the DBL trend now this would have been the idea sniper entry, but ill take BOS and cho ch at this point
bos = break of structure
ch o ch = change of character
Usd-jpy-sell
USD/JPY OUTLOOKU/J ANALYSIS 6/21/20
Check out my analysis where the drop was projected
(I update my pairs frequently, NOT on tradingview)
Now we are in a correction that is clear from multiple time frames
We can expect price to pullback to the regions above before dropping further
We have been on the lookout for this pair for the past few weeks
Reminder: Drawing is only an idea of how the price will move, it's NOT 100% perfection due to market nature
TO STAY UPDATED REGARDING THIS PAIR...
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