TheTradersAvenue

USDJPY > Could We See a Pull Back to 200 MA?

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏.

Analysis of #USDJPY

Price broke and close above its 200 MA, Massive shift in trading sentiment and Risk-On is kicking in.

I believe this is too much, but do mind me, just care about the chart, we have potential came into a resistance, also FIB 61.8.

If I get reversal pattern on the lower time frame I will sell this one for a retest f the 200MA


⚠ Please note the ideas is valid only if it happened as I said above

Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌

Check today analysis below

Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only

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.