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USDJPY 2 ways thinking.

80
Short term form supply zone, Sell! Long term, Buy.

Weekly candle closed extremely bearish.

It is not a smart move to enter any positions right now until Daily candle closed with a bullish reversal candle. A pin bar at 110.900 area would be ideal. I am inclined to do buy because of its Daily uptrend structure.

Current sell orders are from a monthly zones. It requires a couple of days to diminish the orders before the trend starts moving in upward movement again.

For now, I would like to see a decrease in momentum and a reversal candle signal at 110.900 to position some buy orders.

syot kilat
Nota
syot kilat
Nota
Weekly support. Entry at Fibo 0.618.

syot kilat

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