Analysis of #USDJPY
This is my favorite set-up so far today. I don’t have a bias on it as of yet, I will allow the market to show me the direction in which It would like to go. The outcome of this pair is heavily reliant on the DXY so I will be looking at that as a guide for price action. If we see a nice candlestick formation to show us that the price wants to continue up, you can consider buys. If we manage to break and close below the trend line and structure then I will be looking for a selling opportunity from the re-test.
This is my favorite set-up so far today. I don’t have a bias on it as of yet, I will allow the market to show me the direction in which It would like to go. The outcome of this pair is heavily reliant on the DXY so I will be looking at that as a guide for price action. If we see a nice candlestick formation to show us that the price wants to continue up, you can consider buys. If we manage to break and close below the trend line and structure then I will be looking for a selling opportunity from the re-test.