USD/JPY, Short

31 May 2020

Potential short throughout next week, As the market closed Friday price had already broken out of the upside supported trendline and because of that my bias was to sell this pair from then on. we can see that price has struggled to break above the market out resistance zone for quite some time. so initially this is what I am looking to do and how I am looking to take this trade with a 1:4 RR only. not getting greedy with this one bit, as the market still looks to be ranging.. this is just my thoughts and outlook on the pair heading into next week. lets see what happens and how the market opens!

Thanks, trade safe.