Sforex

USDJPY: CORRECTION CONTINUES ?.

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FX:USDJPY   美元 / 日圓
2
USDJPY 1H chart.

I see a strong support at 107.53, and resistance at 108.20 as well as bearish trend line I show on the chart.

Actually, if I choose bearish for US Stock as well as Nikkei225, USDJPY becomes easy to trade : SELL USDJPY.

Here my idea:

Buy if price breaks bearish trendline and move above 108.

Sell if price breaks key support 107.53

I choose bearish, I will SELL when price breaks 107.53

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