USDJPY Short

١٧ أغسطس ٢٠٢٠

The USD/JPY pair is trading at daily lows and piercing the 23.6% retracement of its latest bullish run. The short-term picture is bearish as the pair has extended its decline below its 20 SMA, which now gains bearish strength. Technical indicators, in the meantime, accelerate their declines within negative levels, in line with a downward extension on a break below 106.20, the immediate support.

Support levels: 106.20 105.90 105.50 further down if there heavy retracement

Resistance levels: 106.65 107.05 107.45 very unlikely, wait it 3,30 to confirm hold.

I am all in on this one!!!