USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵

21 May 2022

Hey traders,

USDJPY is coiling around strong daily structure support.

From such a perspective, I see two potential scenarios:
Bearish
If the price breaks the underlined yellow support to the downside and closes below that on a daily,
then a further decline will be expected to 125.25 level.

Bullish
On a 4H time frame, we can see a local bearish trend.
Lower highs are respecting a falling trend line.
If the price breaks that to the upside I will expect a bullish move to a daily falling trend line.

Wait for a reaction and only then follow the market.

What do you expect?

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23 May 2022

Not

Check my new idea on EURGBP: