Daily Trend: Downtrend
4H Trend: Downtrend
Analysis: USDJPY has axed its way through a daily demand and removed it only to touch a lower starting @ 110.606. The approach is grinding-ly awful.
Prediction: I am looking for a deeper drop into the daily demand which is now in control for a long into daily supply @ 111.214.
Price Points of Interest:
4h Demand @ 110.525
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.