OFT-Forex

USDJPY - A shift in momentum?

FX:USDJPY   U.S. Dollar / Japanese Yen
After a massive rally early September, we have seen a nice and clear liquidity ''grab'' (fulfillment) at the highs with exhaustion and a lower high after.
Last weeks trading session has seen this pair push up to 108.000 and find ''resistance'' there in that orderblock of the lower high formation. Ive got a really clean set up on this and potentially, we could see a new low being formed in the coming days/weeks.

Bear in mind that we are ending Q3 2019, This could increase volatility across the board so keep your stop losses safe!
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.