USDJPY – Down
After the correction of price to the resistance zone (108.03-107.75) it got rejected within the zone then went down yesterday. Currently, the pair is retracing back to the zone and I expect a possible rejection of it within or around the zone for bearish movement of price towards 105.55 or even a breakout below it for a further decline of price. My advice, wait for a pullback to the zone the re sell USDJPY with your take profit around 105.55 and stop loss around 109.77.In case there’s a clear breach of price above (108.03-107.75), wait for a correction to the zone to confirm the price is moving up before you enter long positions.
Wait for correction around (108.03-107.75)to re sell USDJPY with your take profit at 105.55 and stop loss around 109.77.
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