RaynLim

USDJPY-Weekly Market Analysis-May22,Wk3

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The moment the trendlines have been violated, they can be repurposed as an indication for a shorting opportunity. If you head in for the short, you are taking the counter-trend move or trend reversal move. Do note that trend reversal happens only once or twice out of ten times. Do take a conservative approach if you have that trading plan.

There are two-level that traders can take note of, the blue box that indicates the buy zone and the Bullish Shark Pattern completion at 124.28.

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