Usdjpy intraday outlook

١٣ أغسطس ٢٠٢٠

Usdjpy is in a long term downtrend an has pullback to an fell short of the monthly M3 Pivot and also fell short of weekly R2 Pivot. Looks like we’re putting in the head of the pattern around 107. Look for pull backs to go short on 1hr/4hr time frames.
My out look is bearish on dollar long term due to US stimulus program. My analysis is on weekly and daily supply and demand imbalances and pivot point alignment