USDJPY Trade Idea
In yesterday's analysis, I expected UJ to have some short-term bearish reversal rejecting the 109.22 resistance zone, which was exactly what the market performed. In today's trading session, I will be focusing on short-term selling opportunities if UJ finds further sellers in the market. Two scenarios that I am looking at
1. If there's further selling pressure, that could send UJ back towards the 108.40 minor support zone (Bearish)
2. If we notice any bullish momentum holding price above the 109.22 resistance zone, that would invalidate the short setup.
Stay reactive.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. If there's further selling pressure, that could send UJ back towards the 108.40 minor support zone (Bearish)
2. If we notice any bullish momentum holding price above the 109.22 resistance zone, that would invalidate the short setup.
Stay reactive.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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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.
Disclaimer
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.