USDJPY Trade Idea

18 בדצמ׳ 2020

UJ has been in a long-term downtrend with lower highs sequence, and we could expect to see some further continuation due to the DXY weakness. Will be mainly looking for short opportunities if price rejects the 103.700 (recent support into resistance), with the recent low 103.000 and 101.570 as the further target.

Trade safe.