theforexdaddy

USD/JPY Liquidity provided?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY has formed two nice doji candles on daily TF, rejecting daily resistance and golden zone retracement 61.8% - 70.9%. On 4H TF we see a nice head & shoulder pattern formed in confluence with liquidity zone, a small double top and the trendline. Keeping an eye on this pair to look for potentiall sells upon trendline break. First target will be the next liquidity area at 105.4 level and maybe we can see a move down to 104.65 met on a longer term. #tradesafe
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.