USDJPY-Weekly Market Analysis-Feb21,Wk4

٢١ فبراير ٢٠٢١

As mentioned last week, as long as USDJPY didn't break and close above 106.01, we are looking for that shorting opportunity. Traders who caught that and developed their trading opportunity would have gained 75pips(750USD/lot) or at least 62pips(620USD/lot) of running profit at this moment.
If you had not engaged in the trade, a retracement back to 105.62 would give you an opportunity to engage the shorting opportunity.
As long as the market didn't break and close above 105.68, it is good.