USDJPY, at resistance zone.

١٤ ديسمبر ٢٠٢٠

Price is at a clear 4H support zone. Price could possibly respect this zone without breaking through it. If this happens we can drop to a lower time frame and look out for a reversal pattern before thinking about entering a bullish trade. However, if price breaks through this zone we will no longer look for a bullish entry but we should wait for a bearish setup to form.