USDJPY - Consolidation after Uptrend expected

3 Nis 2022

Hi Traders!

Here is our analysis:

• Price is in Strong Uptrend
  
• Made one Top then came lower
  
• Equal Lows --> First Sign of Bullish Weakness --> Bullish "Shock"
  
• As a reaction --> BBs closing their positions --> Consolidation expected
  
• If Breakout --> Down-Movement until next Support expected
  

If you have any questions, another Point of View or anything else to share, don't hesitate to comment!



Thanks and successful Trading :-)!

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