USDJPY Short Term Trend Change

Changing a trend is not a simple task; it requires significant time and effort. However, the market typically provides us with valuable information in the form of a trend changing pattern before we witness a confirmed shift in the trend.

The strength of the existing trend plays a crucial role in determining the duration needed for the trend reversal to materialize. Consequently, the stronger the current trend, the longer it may take for the change to occur.

In the case of USDJPY, we anticipate a retest of the high of Tuesday's New York Session.

Wishing you successful trading!