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USDJPY Trade Idea

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In yesterday's analysis, I expected UJ to pullback slightly above the 105.70 minor resistance zone for further continuation to the downside, which was exactly what the market performed. In today's trading session, I will be aware of potential minor pullback or exhaustion pattern (Eg. flag, pennant, 1st pullback, etc) for further continuation towards 104.700 support zone. Be cautious if there's sudden strong pullback, that could send UJ to again re-test the 105.600 resistance zone. Stay reactive!

Do not forget the overall trend on the higher timeframe remains bearish.

Trade safe.

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USDJPY Trade Idea
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USDJPY Trade Idea

Feragatname

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