I remain bearish on this pair and personally i see this spike as prime time to go short, either it was a fake break below last week. or we use the fact that fundamentally usd is in a bad way. jpy fell on oil spiking, i predict oil to revert because lockdown V2 is coming across countries despite pfizer news. im currently in a short term sell on the pair, to retrace...
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on USDJPY, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
I am trading on a small account, documenting my progress. This is not intended to be a signal!
Descending- H1 Channel
Awaiting Pull-back to retest upper channel, and fib level 0.382 were we have a sell limit placed. Take profit is at strong H4 Support.
Sell Limit - 110.380
SL - 110.816
TP - 108.500