Forex_League_Analysis

USDJPY 30min Analysis March 4th, 2021

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Price has been pushing to the upside but is a bit overextended. We are waiting for a healthy retrace before looking long.

Bearish - For us to go short we want to see price reject off our key weekly level of 108.060. We will enter on strong bearish setups off this level, first targeting 107.500.
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.