USDJPY sell trade

30 Mar 2020

USDJPY

USDJPY is forming a corrective pattern And currently its forming a lower high

We can expect this short term bounce towards 108.360

This is also a major resistance level

From this level we can open short positions at 108.360

Potential take profit will be 106.650

Stop lose may placed above the 109.050 level

USDJPY going to form a Golden cross by crossing 100 EMA and 200 EMA which will signal further selling of this pair