We have the USD/JPY exchange rate is a clearly defined short sell channel.
The fundamentals driving a weaker dollar is the rest of the world recovering from the Pandemic in 2020 on the vaccine news, which means the U.S will no longer outgrow the rest of world economies as it did between 2018 - 2020.
We look at sell set ups with entry price, stop-loss price and...
We are looking bearish on USDJPY, you can take short entry from current position and sell target is 106.80.
also 30MA cross with 100MA and Stochastic RSI are overbought. We have opportunity to get profit.
Salam and hi my name is Khalid Hamid. USD Index is showing a reversal, thus USD pairs might go down too (including USDJPY).
Early sign is there but still need to wait for a STRONG BREAKOUT signal to the downside.
Watch the video to understand. ;-)
Tomorrow is NFP and few other high impact data release so please be careful with your trades.
Good luck and...