USDJPY Anlaysis

5 Nis 2020

USDJPY has been showing some impressive moves recently. At the moment, it appears that price has broken through a key support level and is retesting it proving a good opportunity for reload sellers to push price lower. USDJPY failed to create a higher high and we saw a JPY gain alot of strength. However, we always need to be skeptical - we will be waiting for confirmation that this isn't a fake out - if it is we are prepared and have another entry area highlighted for a short and aslong as we are under those two significant areas we are looking for sells.