USDJPY - 4hr Weekly Outlook

9 במאי 2021

USDJPY - Daily timeframe seems to show the pair is trading inside a descending channel, but there is a very strong demand level ahead that will most likely make a retracement. The 4hr timeframe shows the recent lows being broken so the current bias is sells. After a retracement to at least the 0.618 zone, a short setup may be viable.