Hoddgittoo

Possible bearish rally

Short
Hoddgittoo Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
UJ has tested the TL for the fourth time and seems like bears are trying to push it further down. This is ALMOST confirmed on the 4hr time frame since it has bounced back to the TL and is attempting to break a very strong daily SR in the 111.800 area.
Comment:
Be more patient. Wait for break and retest of TL to confirm reversal..entered too early
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.