UJ Sell-off Expected

DollarYenQueen Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Expecting USDJPY to dive in price this evening due to the BOJ Monetary Policy Statement release and following Press Conference, which usually tends to heavily favor the Yen. Expecting a drop of about 400 pips, and for pricing to replicate a move reminiscent of the one on December 20, 2022 as illustrated.

My previous sell chart may enact shortly before the news as well now that buying pressure is wearing off.

Sell Entry: 136.000
Targets: 135.750 | 135.240 | 134.800 |134.500 | 124.230 | 133.760 | 133.340 | 132.915 | 132.560
Support: 132.000

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Stop Loss/Resistance: 136.850
Target down to 134.230 reached.


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