USDJPY Outlook for the next few days

FX:USDJPY   U.S. Dollar / Japanese Yen
The 200SMA on this pair has acted as support throughout February in what is a very ranging pair.
We see some selling pressure at 119.9, which is indicated to be holding.
Price action at the current level is indecisive, I could see us travel to 119.3 before bouncing back up as the overall trend is still up on this pair.

I would look for buying support to TP around the green arrow throughout the coming week, and enter to the upside here too.
Short 119.9 to 119.3, bounce back.


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