DXY may have set up a bull trap before the markets closed up last Friday. Ultimately I am bullish , however, I will wait for a better entry point or a confirmation of bullish momentum in this market before risking anything.
If USDJPY wants to go bearish , I will watch for the 4H lows/zone to break down and then look to short the retest if market conditions are still favorable for bears.
If USDJPY wants to go bearish , I will watch for the 4H lows/zone to break down and then look to short the retest if market conditions are still favorable for bears.
Comment:
got 25 pips off UJ
