USDJPY: Update & Same Plan: 🇺🇸🇯🇵

Little update for my yesterday's trading plan on USDJPY.
The price keeps growing and being within a strong daily supply zone
I am still looking for shorting opportunities.

Since yesterday, the price set a new higher low,
making me adjust the previously drawn channel.

Our plan remains the same:
we need to see a bearish breakout of a rising channel to confirm a coming bearish move.
The impulse must initiate strictly from the red supply area.
In case of its bullish violation, the setup will become invalid.

Closest key support - 109.6

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Yorum:

Check my new analysis on AUDJPY: