USD/JPY SCENARIOS
SO MY USD/JPY SHORT TO 122 HAS MOVED TO TARGET IN A COUPLE OF DAYS THANKS TO THE GAP DOWN ON THE OPEN. NOW I AM NEUTRAL THIS PAIR AWAITING PRICE TO SIGNAL THE NEXT MOVE. WEEKLY TIMEFRAME IS STRILL BULLISH BUT USD HAS BEEN WEAKER LATELY AND A POSSIBLE REVERSAL IS ON THE CARDS.
AS YOU CAN SEE IN THE SHOT I AM SIMPLY WAITING FOR A TRENDLINE BREAK IN EITHER DIRECTION ALONG WITH THE RIGHT P.A TO SIGNAL WHETHER A LONG OR SHORT IS NEXT FOR THIS PAIR.
AS YOU CAN SEE IN THE SHOT I AM SIMPLY WAITING FOR A TRENDLINE BREAK IN EITHER DIRECTION ALONG WITH THE RIGHT P.A TO SIGNAL WHETHER A LONG OR SHORT IS NEXT FOR THIS PAIR.
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