Dear Traders,

My weekly outlook for USDJJPY is bearish. We have bounced back previous week from the parallel resistance level at +- 135.129. Prices attempted to get back, however became rejected by a long wick, which gives us a strong entry reason to short sell the USDJPY.

Before entering a buy position.

Let us know what you think, like, comment and subscribe for more.

Bridging Best

Kevin
Trend Analysis

Disclaimer