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USDJPY Potential Downsides

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Dolar A.S. / Yen Jepun (FX:USDJPY)  
JoeChampion  
FX:USDJPY   Dolar A.S. / Yen Jepun
Trend Analysis Beyond Technical Analysis Fundamental Analysis USDJPY USD jpy SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis beyondta fundamental usdjpy usd jpy sell short bearish technicalanalysis containsimage
Hey Traders, in today’s trading session we are monitoring USDJPY for a selling opportunity around 151.100 zone, USDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 151.100 support and resistance zone.
JPY have reached significant lows which may trigger a BoJ intervention.
USD. The last CPI numbers may give a signal that there might be no further rates hiking from the fed.

Trade safe, Joe.
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