I would wait
USDJPY - 1H Chart
Currently i would wait for clear direction.
Price is at area where it should move up to last weeks low area, it would be great area to sell because this would be retest of broken support.
But we need to keep in mind that price can break this area and move up.
Price can also break this green area to the downside, in this case we can sell without waiting for this retest.
Currently i would wait for clear direction.
Price is at area where it should move up to last weeks low area, it would be great area to sell because this would be retest of broken support.
But we need to keep in mind that price can break this area and move up.
Price can also break this green area to the downside, in this case we can sell without waiting for this retest.
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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.