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RaynLim
Dec 25, 2023 11:40 AM

Long-Term Bullish Bias Amid Short-Term Retracement Signals! Short

U.S. Dollar/Japanese YenFXCM

Description

Despite prevalent negative sentiments surrounding the Dollar's bearish outlook, I maintain a bullish bias on USDJPY. I perceive the recent bearish move as a retracement within a longer-term bullish trajectory.

For those inclined towards catching the retracement, the Bearish Fib-3 Bat Pattern on the 1-hourly chart might provide an entry opportunity for shorting at 143.28.

What's your stance or strategy regarding USDJPY? Share your thoughts below!
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