U.S. Dollar / Japanese Yen
Short
Updated

USDJPY

Well, we are now at a new year, and my expectations are there will be some retracements to be made on the pair.

Considering that the previous analysis was bullish, I am still anticipating on the same, but we have to fill in some imbalances and inefficiencies on the lower side. I do anticipate that the price might first retract on the lower side to form an LL / wick, which might touch 2023 yearly HH at 152.

Target 152, SL at 157.8
Trade closed manually
Close trade.

Let us look for a buying opportunity.

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