MuddassarH

USDJPY - The Trend is your friend..until the bend in the end!

FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
USDJPY does not seem to be correlating with the DXY unlike EURUSD .
Smart-money clearly has an agenda here and it is highly probable that they are heading to the area highlighted (in blue) where we can see some imbalance in price action in the daily candle (26th March). So this area is where I will be focusing on and looking at (thats why I put the eye icon there)

Expectation is for the imbalance to be taken care of before price retraces.

Looking for Short this pair after my reversal confirmations have been met. What reversal confirmations you ask ? ...well thats the million dollar question! Get in touch to know more about how Smartmoney moves the markets and how you can benefit from their moves without the reliance of lagging indicators all over your charts.

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