USDJPY Daily Analysis
W - Bullish, strong rejection from the last high
D - Neutral, price digested all of the previous move
DXY - Neutral, price is at the major resistance I will wait to see what it does before forming a bias on the DXY
swing entries -
when price retests the 109.8 level I will be looking for a long position after a rejection
scalping entries -
price is over extended I will be looking to enter a short.
I may have missed my opportunity as price made a really large move, unless I get a really clear entry i will feel like I am chasing the market.
D - Neutral, price digested all of the previous move
DXY - Neutral, price is at the major resistance I will wait to see what it does before forming a bias on the DXY
swing entries -
when price retests the 109.8 level I will be looking for a long position after a rejection
scalping entries -
price is over extended I will be looking to enter a short.
I may have missed my opportunity as price made a really large move, unless I get a really clear entry i will feel like I am chasing the market.
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