USDJPY Trade Idea

2021年1月2日

UJ is currently in a range bound condition after the previous extended downtrend move. In the previous analysis (Thursday/ 31st Dec), I expected UJ to violate the 103.000 key technical support zone for further bearish continuation with 102.000 as target. However, we saw a double bottom setup on Thursday's close which was an indication of short-term bullish sentiment. The overall direction is still bearish, will be looking for selling opportunities if we begin noticing some rotation back to re-visit 103.000 support, or a simple break & re-test setup below it.

Will keep it updated on Monday. Trade safe.

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2021年1月2日

註釋

Previous analysis