Not a great pair to trade because the dollar is weak and the JPY is weak, plus there is danger of jpy intervention if the pair goes above 160.00. But if i was to take an entry if there was nothing else I would only look for shorts if the was a break below the daily support at 157.371 which just happens to be the 61.8% fib level
This pair is defiantly last on the list of things i would be looking to trade next week
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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.