Has USD/JPY reversed? Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 22, 2023 4:59 AM

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

Comments

WalterMoon

⋅ May 23, 2023 11:23 AM

Very nice analysis, good job done!

Solldy

⋅ May 23, 2023 7:48 AM

Great! I agree with this price movement. I think the upcoming news on the project may have an effect on it.

LegionQ8

⋅ May 22, 2023 8:01 PM

Your us dollar idea seems to be very accurate, I think the same

Tolberti

⋅ May 22, 2023 5:05 PM

Logical setup, keep up the good work!

KlejdiCuni

⋅ May 22, 2023 12:39 PM

The analysis is well-made, thanks for sharing.

RLinda

⋅ May 22, 2023 9:46 AM

Thank you for your work, very valuable analysis)