USDJPY-Weekly Market Analysis-Aug20,Wk3

USDJPY can be a tricky pair to look at. My short-term plan is to wait for a retracement back to 106.81 for a shorting opportunity, However, medium term planning it's a trend reversal trade and wait for buying opportunity.
Alert has set at 106.81 and I will observe candle close to engage this trade as a trend trading setup.
askforex100Candlestick AnalysisCandlestick analysiscandlestickpatternSupport and ResistancetrendtradingUSDJPY

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