USDJPY - More Selling Opportunities? Is It The Market Turn?

HI Traders, on last Saturday I made a thesis on JPY pairs as I believe some of them are way too over-stretched, which could lead to some potential short-term snapback.

Yesterday, I also talked about some short opportunities on JPY. But is the market going to be the same today?

Levels i'll be watching would be 134.60 and 134.20.

Once price finds further weakness failing at these minor resistance levels, i believe USDJPY will likely to re-visit 133 area.

However, if price breaks above 135, then it could turn into another Bullish continuation scenario on the higher timeframe.


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Take care and trade safe.

All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.