USDJPY is under a strong downtrend as it is shown by the channel and general structure.
Last days the pair retraced to 0.5 and performed a strong sell to the daily support.
I see some sort of consolidation and a possible retracement to some fibo again.
But I am more into short positions provided that UJ will give as a strong close below the support with an overall target of the other demand zone.
Last days the pair retraced to 0.5 and performed a strong sell to the daily support.
I see some sort of consolidation and a possible retracement to some fibo again.
But I am more into short positions provided that UJ will give as a strong close below the support with an overall target of the other demand zone.
Trade closed: stop reached