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JoeChampion

USDJPY Potential Reversal

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JoeChampion  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Fundamental Analysis Beyond Technical Analysis USDJPY USD jpy SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis fundamental beyondta usdjpy usd jpy sell short bearish technicalanalysis containsimage
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 133.5 zone, USDJPY is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend around 133.5 support and resistance zone. The recent USD data were all soft and signal a pause of rate hike from the federal reserve. Also we should consider the coming PPI to confirm the probability.
Trade safe, Joe.
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