Dear traders, as per IG client sentiment, 67% of the retail traders are net short
in USD/JPY. So, it goes without saying that a lot of traders are waiting for
USD/JPY to fall.
UJ's rally has come to a halt at the 140.86 level. So, it would be wise to see if
there is another retest of the 140.86 resistance level.
Upon retesting, if we see bearish price action traders can consider selling
UJ@140.40-141 with SL above 141.50 and TP at 135.
in USD/JPY. So, it goes without saying that a lot of traders are waiting for
USD/JPY to fall.
UJ's rally has come to a halt at the 140.86 level. So, it would be wise to see if
there is another retest of the 140.86 resistance level.
Upon retesting, if we see bearish price action traders can consider selling
UJ@140.40-141 with SL above 141.50 and TP at 135.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.