USDJPY I Testing monthly lows as traders stay bearishWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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Usdjpushort
Looking for Supply Zone? Short oppurtunity2 close supply zone , labelled 1 and 2.
If seller managed to tip off supply and consume, and big seller managed to build up their position to sell,
i am waiting for price action reaction at supply zone i.e. anomaly, bearish engulfing, shooting star, RSI divergence.
DXY have been in bearish mode, yet USDJPY still climbing strong. Possible that big sharks building their position .
big RRR at SZ 1
conservative, wait confirmation bearish CS maru, after news then enter at SZ 2.
FIRST Target will reach soonThe pair USDJPY gave some important indication to reach our first target which is at 1.1300 whereas we have also seen slight bearish movement due to stochastic negativity but EMA50 and other important factors supporting our bullish bias and we believe our first awaited target will reach very soon