Short entry If price manages to break 109.550 could bring the market back down to 108.375 taking out the higher low which was made at the end of January at 108.494,
Scaling down to the 4hour timeframe can see the HL which bulls would of kicked in to push the usdjpy back up in price which was correlating with the usdoller( dxy ) and many other usdoller pairs this week. we are now looking to take this pair back down potentially to 107.770.
Scaling down to the 4hour timeframe can see the HL which bulls would of kicked in to push the usdjpy back up in price which was correlating with the usdoller( dxy ) and many other usdoller pairs this week. we are now looking to take this pair back down potentially to 107.770.
sell order: 109.597
stop loss: 110.090
for tomorrows trading day.