ProFX_Strategist
Short

USDJPY - Under Pressure...

FX:USDJPY   U.S. Dollar/Japanese Yen
28 0 3
USDJPY             is currently testing & pushing against strong-resistances...; there is a higher-probability for a bounce to further downside...

However, the RSI currently indicates neither in overbought nor oversold condition...; as such, there is still a possibility for a deeper-correction to the upside to happen (but it should be fairly limited if any)...

(If you take this trade, then it would be wiser to go Short with a smaller lot size for now with a wider stop-loss...)

Best regards.
Aiming to be a "marksman" in scalping & "speculation". As retail traders, we are just "speculating" these markets-volatility in our retail-trading-platforms (E.g. we do not physically owned 100-Lots of Gold nor is storing a thousand-barrels of crude oil)

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