USDJPY reversed from Resistance; Sell Trade continuation
In my previous analysis(attached below), I recommended selling USDJPY as it reached a very strong resistance.
The trade set-up is in 60 pips profit and I expect the trend to continue.
In case you didn't sell yet, there's a good chance that there will be some pullbacks which will bring new sellers.
So look for bearish flags on the lower timeframe and sell USDJPY.
USDJPY could reach 111, 110.40 this week.
On the other hand, if the resistance breaks, USDJPY could rally to 113. However, it looks less likely.
The trade set-up is in 60 pips profit and I expect the trend to continue.
In case you didn't sell yet, there's a good chance that there will be some pullbacks which will bring new sellers.
So look for bearish flags on the lower timeframe and sell USDJPY.
USDJPY could reach 111, 110.40 this week.
On the other hand, if the resistance breaks, USDJPY could rally to 113. However, it looks less likely.
Comment:
Reached first TP
