USDJPY hasn't shown much directional outbreak since the start of the year outside of the rare news release spike. Not necessarily a trader's market.
For now the price seems to be trending downward based on the hourly chart. Moving average shows a downward dominance and the DXY is showing signs of weakness which supports a short UJ.
Sell Entry: 135.700
Targets: 135.400 | 135.250 | 135.070 | 134.840 | 134.600 | 134.340
Support: 134.100
Be sure to like this post and let me know what you think in the comments below.
For now the price seems to be trending downward based on the hourly chart. Moving average shows a downward dominance and the DXY is showing signs of weakness which supports a short UJ.
Sell Entry: 135.700
Targets: 135.400 | 135.250 | 135.070 | 134.840 | 134.600 | 134.340
Support: 134.100
Be sure to like this post and let me know what you think in the comments below.
Trade closed: target reached
