USDJPY on SELL, after the rectracement.
Waiting for retracement to 1hr OB, then on lower time frame will enter double BOS for SELL till 127.200.
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". There is still a possibility of temporary retracement to the suggested resistance line (109.53).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. USDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which...
We are doing USDJPY Analysis in Daily Time frame
You can keep an Eye on USDJPY it is forming rising channel pattern you can take a trade on the breakout of this pattern.
Note: This is only for Educational Purpose this is not Investment advice.
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This is pair already in a bearish trend and adding to it , UJ was unable to break the market structure at (110.74) and also respected the trend line. Even since DXY is about to fall hard , expect really good movement to the 110.94 market zone.