USDJPY SHORT SETUP.

٢١ فبراير ٢٠٢١

USDJPY: Price is still trading inside the WEDGE PATTERN which is clear on the weekly chart, we saw price reversed to the level of resistance from October 2020 @ 106.10 zone , which aligns with the resistance ray of the BEARISH FLAG on the daily and 4H chart and rejected sharply on Wednesday through Friday.

Going into the new week a break below the BEARISH FLAG will set price lower with target @ 102.40 zones and stop-loss above structure @ 106.10 (horizontal resistance).