USDJPY Short-Term Sell or Trend Reversal?
Last Friday, USDJPY saw a lot of volatile movement after reaching the unexpected high of 152.950 before doing a steep drop down to 145.500.
Most suspect BOJ intervention yet again but it hasn't been confirmed. The last time the BOJ intervened against the strengthening dollar the pairing only saw a drop for a short period before shooting back up to new highs. Will we see the same trend happen again or is the dollar finally ready to fall?
I am currently bearish for the short-term, and I have based my analysis on Sunday's opening market trend.
Entry: 147.650
Targets: 147.400 | 147.250 | 146.640 | 146.320 | 146.000 | 145.800
Support: 145.500
Be sure to trade safe in a volatile market and to like and comment below
Most suspect BOJ intervention yet again but it hasn't been confirmed. The last time the BOJ intervened against the strengthening dollar the pairing only saw a drop for a short period before shooting back up to new highs. Will we see the same trend happen again or is the dollar finally ready to fall?
I am currently bearish for the short-term, and I have based my analysis on Sunday's opening market trend.
Entry: 147.650
Targets: 147.400 | 147.250 | 146.640 | 146.320 | 146.000 | 145.800
Support: 145.500
Be sure to trade safe in a volatile market and to like and comment below
Trade active:
Target 147.450 reached.
147.000 could act as support or swing range
147.000 could act as support or swing range
