RaynLim

Dollar-Yen Remains Bullish

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
πŸ“‰ The analysis on USDJPY remains bullish, but for now, we're on the lookout for counter-trend trading opportunities. πŸ”„

πŸ“‰ The Bearish Fib-3 Bat Pattern at 149.15 offers a potential shorting opportunity, although it may take some time to validate.

πŸ“‰ Alternatively, a break of the trendline on the 1-hourly chart could provide a more immediate shorting opportunity. We're watching for a retest without violating the trendline.

⚠️ However, the trendline hasn't been convincingly broken yet, as the candlestick failed to close below it.

πŸ” USDJPY is currently of lower priority for trading this week.

Share your trade plan! πŸ“ŠπŸ’­

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