USDJPY Trade Idea

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UJ has been bouncing back on forth between the 108.38 - 109.25 S&R zones proceeding its range bound condition. In today's trading session, I will be focusing on short-term selling opportunities. Two scenarios that I am looking at

1. If UJ again bounce back towards the 109.25 resistance zone, I will be looking for some range setup with 108.90 minor support zone as the initial target
2. If I notice a clear break below the 108.85 minor support zone, will be looking for potential break & re-test setup with 108.38 support zone as the target.

Trade safe.

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Penafian

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