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OGFXTRADER
Jun 22, 2021 6:52 AM

USDJPY bulls showing fatigue Short

USD/JPYOANDA

Description

Although much analysis shows a bullish US dollar, the Ninja price action shows some fatigue getting close to a strong resistance level.

Additional, checking on DXY daily candles yesterday, it closed with a solid bearish candle forming a tweezer top pattern, unable to break the 90.30 handle for a potential pullback confirmation.

Let's wait for confirmation once the price reaches the 110.700 level. I am with a bearish bias from a technical point of view. Set your alerts.

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