USD/JPY 200EMA and 50EMA gap close
On the daily timeframe the price action tried to break the 200EMA but instead it retested it and now it's going bearish. On the 4h timeframe the price action broke the 50 EMA and now we may have an opportunity to go short. Wait for confirmation when price action retest the 50EMA a gap close towards 200EMA will be happening. Go short around 104.977 and take profit approximately at 104.410 or where the price meet the 200EMA.
Don't just copy trade. Trading is risky! Good luck.
Don't just copy trade. Trading is risky! Good luck.
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.