USDJPY has rejected a support turned resistance and the top of the bull flag. It looks like price isn't ready to break out of the zone yet. Hopefully we are not just witnessing a retracement to the H4 14 EMA before price pushes up, hence why we are in a smaller lot size, as I dont want to miss the opportunity of shorting the pair and gaining some more pips. If price pushes down we will look into entering another long trade for the break of the flag. Trade at your own risk. I am not a financial advisor.Note
UJ SL made entry to hold overnight.Trade closed manually
Price rejected 107.67. Trade closed manually with 20 pips.
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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.