I expect USDJPY to reverse bearish soon. However price might extend a little higher first. I'll be looking for the bearish reversal. If however price accelerates higher I will adjust and wait for the consolidation after the impulse. To me the current sideways price action is more like a reversal pattern than a consolidating structure. That's why my bias is bearish among other reasons.
I like to see USDJPY a little higher (109.15 minimum) followed by a bearish reversal. If this current consolidation plays out like suggested in the post I will be selling USDJPY with the potential of several bearish break-out to follow.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.