$USDJPY higher time frame structure looking bearish and now it seems like we've come to whats possibly the last supply zone befpre the sell off...
We'll see about entries when market opens
We see price correction for this pair..
looking for short term shorts when price comes to tap the 50% of the price gap created by that impulsive move last week
On a higher time we are uncertain as to which direction price is going...
lets just see how it plays out before hoping in on this
So We've broken structure and shifted bullish, we've just taken out the first supply zone
Now we wait for price to correct towards the price gap indicated buy the blue zone before looking for longs
Best Entry would be the 50% of that zone marked by the horizontal line
You can see previous support has turned resistance so price is likely going rock bottom after retest
Wait for some confirmation....
Enlighten me on your thoughts
