USDJPY Trade Idea

2021年1月8日

In yesterday's analysis, I discussed about the long opportunities as i noticed the probe setup (an indication of temporary strength) with 103.700 as the initial target, which was exactly what the market performed. Currently looking for short-term buying opportunities after some minor pullback potentially towards 103.68 zone for bullish continuation setup with 104.700 as the initial target, further target will be 105.60 zone. However, do not forget that the overall direction remains bearish on the higher timeframe, we need more bullish momentum to confirms a long-term reversal. If price again sell-off, we could easily expect further selling pressure back towards some of the daily lows (103.000 & 102.652).

Trade safe.

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2021年1月8日

註釋

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