USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵

21. Mai 2022

Hey traders,

USDJPY is coiling around strong daily structure support.

From such a perspective, I see two potential scenarios:
Bearish
If the price breaks the underlined yellow support to the downside and closes below that on a daily,
then a further decline will be expected to 125.25 level.

Bullish
On a 4H time frame, we can see a local bearish trend.
Lower highs are respecting a falling trend line.
If the price breaks that to the upside I will expect a bullish move to a daily falling trend line.

Wait for a reaction and only then follow the market.

What do you expect?

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

23. Mai 2022

Anmerkung

Check my new idea on EURGBP: