VasilyTrader

USDJPY Trading Plan For Next Week

Short
FX:USDJPY   U.S. Dollar / Japanese Yen

after a massive buying reaction we see a consolidation in a narrow trading range.
market is currently standing on a significant structure resistance level and rsi is overbought.
+ taking into account sequence of rejection candles we can consider bulls to be exhausted.
if bears break and close below the trading range we will most likely see pullback to lower structure levels.

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