USDJPY Short

14 thg 9, 2022

The pair USDJPY has been on a strong uptrend for the past 20 months and has found resistance at 145.000 a level that was last traded August 1998. Considering the growing economic reports and strong job data coming out of the U.S, along with the recent downfall of the Yen, the USD took advantage of the Yen's weakness by going back to retest these levels. But they say whatever goes up must come down and this is currently the case of USDJPY . From this area I expect a sell of down to at least 135.000 on the weekly level which happens to be the February 2002 resistance price broke and haven't retested. A retest of this area is sure and this will be a minimum of 700 pip from current price. But we will take these swings in bit. First TP is an extension of the first impulse recently made on the 1hr timeframe.