USDJPY - Daily Range
UJ is currently in a daily 180 pip range after a decent downtrend. Even after US news, we were unable to brake past the previous high to start a new uptrend.
Because of this rejection, and that UJ couldn't close above the yellow region, I believe that UJ will continue downwards to 107.25.
Because of this rejection, and that UJ couldn't close above the yellow region, I believe that UJ will continue downwards to 107.25.
Trade closed: stop reached
Wicked outNote
Stop loss should've been above the resistance from May 29th.
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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.