USDJPY 30min Analysis January 12th, 2021
Price had a strong rejection off the top of our large descending channel and weekly level at 104.200. We are now waiting for a retrace and a clear LH to form. Ideally we are looking for a rejection off the weekly level at 103.850 and below the 30min 200MA. Enter on strong bearish setups at these levels.
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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.