kbgeresy

USDJPY 1HR Short

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY
USDJPY on the 1HR is looking for a quick push to the downside.
Sellers are looking to break the 108.45 to the downside which will take price to 108.25 as a first target then 107.95.
on the other hand, if they fail to break it, a retracement back into the small Downtrend line sitting at 108.80 can be expected while the break lower is more probable.
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.