USDJPY Short-Term Continued Sell

Expecting the DXY to fall some more as there is a small gap left to fill, which should result in a continued short for USDJPY. MA chart indicators are also signaling more downward movement for the pairing. Pricing may initially find support around the 130.620-130.420 price area, and either push back up into bullish motion or retrace back down to support price 129.750.

Sell Entry: 131.300
Targets: 131.050 | 130.850 | 130.620 | 130.420 | 130.270 |130.000 | 129.870
Support: 129.750

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Trade active:

Entry opened

Comment:

Targets down to 130.620 met. May see some retracement from here as expected.