TomHall
Short

USD.JPY - U.S. Dollar / Japanese Yen - 110.20 Key Trading Level

FX:USDJPY   U.S. Dollar / Japanese Yen
Symbol: USD.JPY - U.S. Dollar / Japanese Yen
Timeframe: Weekly, Daily and 4 hour
Predicted Direction: Short

USD.JPY - U.S. Dollar / Japanese Yen updates will be available in the comments section below.
Comment: Price is testing intraday resistance, however my main focus is the Daily timeframe.
This will take a couple of days to develop prior to providing a trade opportunity.
Comment: We're now a couple more days down the line, 'currently' a nice clean rejection on the Daily, in addition to the 4hr intraday resistance.
Clean trading opportunity.
My take on USDJPY

Reply
Interesting, I still see possible long opportunity for an intraday trade

Monthly we can get some push in the symmetrical triangle, nothing huge on the weekly, but daily just made a higher high, I will push try to push to the support (you as well have)




Anyway, very nice to see your analysis and on your insta as well, I m sure you re enjoying your time in Murcia ;) Have a great day mate !
+1 Reply
TomHall FelipeCancela
@FelipeCancela, I agree, from an intraday perspective there is an opportunity to take advantage of the bullish engulfing candle.
I'll be watching price closely as it approaches 110.20 to potential provide a quick 1:1 opportunity.

Thanks mate, yeah it was a good decision to relocate.
You too mate, take care.
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