Possibility of a big fall in USD/JPY once the lower TL breaks
USD/JPY has reached a multi-year resistance level from where we have seen
some moderately strong bearish price action.
However, the supporting trend line needs to break for bearishness to persist.
That being said, I recommend selling the rallies in USDJPY. We are already holding
sells in UJ from higher levels.
Fresh sells can be executed between 111-111.50 with SL above 112.30 and TP
at 108.80
some moderately strong bearish price action.
However, the supporting trend line needs to break for bearishness to persist.
That being said, I recommend selling the rallies in USDJPY. We are already holding
sells in UJ from higher levels.
Fresh sells can be executed between 111-111.50 with SL above 112.30 and TP
at 108.80