USDJPY Weekly forecast 29th to 3rd July

28 thg 6, 2020

The 4 hour is turning up against 3/09/2020 low (101.19). 1 hour is turning down against 107.46 high. Near-term, while bounces fail below 107.46 high and more importantly below 109.85 high expect pair to extend lower to correct the cycle from 3/09/2020 low in 7 or 11 swings before upside resume.

Sell USDJPY

@108.10-55

Target: 105.00
SL: 109.50

Good luck