USDJPY Market Outlook | Daily Forex Market Breakdown
USDJPY
UJ displayed what looked like a good short opportunity then popped up around 50 pips. I was looking for a lower high giving us a good short trade, but we pushed right past and made a higher high. I will be key to see if we are going to continue to the upside and test 110.00. Not much movement with UJ recently. I feel we could pull back soon, will be looking for signs of a reversal. We need to see how the daily candle closes.
UJ displayed what looked like a good short opportunity then popped up around 50 pips. I was looking for a lower high giving us a good short trade, but we pushed right past and made a higher high. I will be key to see if we are going to continue to the upside and test 110.00. Not much movement with UJ recently. I feel we could pull back soon, will be looking for signs of a reversal. We need to see how the daily candle closes.
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