ForexHermes

Recent High/Low of USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
I did not manage to forecast yesterday, but luckily nothing crazy happens on Mondays. Here we are looking at a possible sell set up on UJ. I see 2 possible scenarios:

Scenario 1: Price breaks the 108.096 zone and retests it , giving us a sign that bearish momentum is starting to pick up.

Scenario 2: Price breaks the 108.389 after creating a new recent high, that means adjustments of the low as well, which I predict should be at 108.389.

Either way, I will looking at what the market is showing me.