Youcefstyles

USDJPY October outlook

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
This pair is overbought, I expect a strong downside in the upcoming weeks. The pair can drop +300 pips in few days in order to complete the C wave. In general, I suggest you avoid trading this pair for the next weeks until everything is clear because there is a possibility of a strong upward movement to 119-125 in the next few months. You don't want to get stuck in sell trades!
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.