BartBoFX

USD/JPY Outlook

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
FX:USDJPY In the H4 chart, the price has been reflected from the resistance, several times. The doji formation may signal the change of direction to bears. You should observe the price in order to be able to take the selling position. The first target will be 111.0010. At this level, we will see if the demand will react.

Comments

So far short scenario is going to full fill. Time is precious. Price reached resistance 112.17 and bounced back. Now I'm looking at 111.111 level.
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