U.S. Dollar / Japanese YenUpdated USDJPY Trade Idea
UJ is currently in a long-term downtrend. The setup is fairly simple this week, will be looking for selling opportunities for price to again reject the 103.000 resistance zone for further bearish continuation setup with 102.000 as the initial target. However, be aware that the price action could be slightly choppy as UJ has been ranging across recently.
Trade safe.
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Note
Previous analysis
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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.