Seems like USD/JPY is forming a pullback from the past week of bull run. Looking for the red lines as support/resistance and targets.
I’m currently SHORT on USD/JPY and is already 14% up in green. Red lines are strong resistances/support. Could take a couple of more days before we hit our target 80.600.
USD/JPY 4 Hour
Strong support at 82.000. Resistance 82.65 if pulls back.
Comments on other Pairs
I’m currently on the sidelines for the other pairs. My watchlist includes, AUD/CAD, EUR/USD, EUR/CHF. Though, they made a clear price action before, the chart, for me, is not very favorable now and I would prefer to wait until a more clear price action appears. In the meantime, I’ll focus my forex trading on USD/JPY.