Hi traders,
(As always, our students got notified early about this analysis)
King Dollar crushed every pair yesterday, creating a new trend. UJ somehow was one of the smallest intraday movement I saw. I guess that weekly (almost monthly) resistance got in his way. The trend is your friend and it will be ours today too. This is either a triple top or we are on the brink of blowing this thing open.
Here's what I'm thinking :
USDJPY LONG:
ENTRY : 114.07
SL : 113.46
TP : 117.542
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.