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YourLazyTrader

Has USD/JPY reversed?

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
YourLazyTrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis USDJPY usdjpyanalysis usdjpyshort usdjpydaily usdjpyupdate
15
6
trendanalysis chartpattern beyondta usdjpy usdjpyanalysis usdjpyshort usdjpydaily usdjpyupdate
Based on the price action in the 4H chart, it seems UJ is showing signs of reversal.
If the current trend continues, we can expect a deeper pullback to 135.80

My recommendation is to sell the rallies in USDJPY with initial target at 135.80

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