USDJPY to run for 140 downside resistance
USDJPY has been rejected from 152. This rejection can lead to a strong swing down to 140 which is the crucial downside reversal resistance for a deeper pullback to the 126-131 zone lower. This zone is the long-term support for the upside continuation which has a low probability.
Note: look for the short trades with a stop loss above 148
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
Take a break from your trading routine Copy our trades!