KiBeCh29

USDJPY Analysis and prediction

FX:USDJPY   U.S. Dollar / Japanese Yen
we've had a very gud bullish ride thus far like we predicted on sunday on the formation of the second shoulder. However it looks like the end of that joy ride (FOR NOW) as price has reached this major area of resistance. We might see a little retracement downwards towards 108.500-108.400 before price bounces back further up towards 109.300..time to look for a short position at this level. wait for proper price action for sell entry.
#PatienceIsKey.
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.