kinetix360

USDJPY Possible for short term Rally

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is not far from 105.50 weekly support area now. This is could be a daily Selling Climax. But, rather then waiting for the Daily - Weekly pattern, let see what we can find in intraday. I am expecting an up move correction move in Daily Chart. The Price may build short term consolidation pattern here, then move up. For very short term trading, I am shorting this for 108.50 target area. And that 108.50 area, is my last support test area, if the price want to up.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.