Mahtab_Tradia

USDJPY Still In The Bearish Correction Phase

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
As you see in the Daily chart, there is an uptrend which is in a bearish correction phase.

Price in the last upside move couldn’t make a higher high and got rejected and paused by the supply level.

I expect more fall and bearish retrace for USDJPY around 106.8

IF bearish candle closed below 108.880, we can enter short with a target at (107.00 - 106.8) and SL at 110.00

(Check the candle closures and bearish signals in lower time frames like 1H and 30min)

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