Price having a hard time breaking 1.095, retested the bearish h4 candle top (April 25th/20:00) a couple of times. Could move down to 1.086 for the short term, in line with USD/JPY touching 112.
Note
Although it's very tight I'm moving stop loss to break even. With USD news around the corner and the price stubbornly sat up there it's no longer worth the risk for the short term. USD/JPY is also looking like a possible fakeout, retracing back below the h4 trendline and trading within its resistance zone. Will await USD news and next candle close.Trade closed manually
Closed with small profits. Positive USD news could alter short term outlook.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.