USD/JPY:SELL From Resistance Areas For a SHORT Setup

20 gen 2023

USD/JPY in the last night The National Consumer Price Index, released by the Statistics Bureau released a positive output for the price movements of the retail prices of a representative shopping basket of goods and services. The JPY has reacted with a strong bullish impulse from the bottom of 127.500 but, the price is still inside a bearish main trend where today or in the next session we can have a retracement of the market or in the direction of the primary trend or eventually the breakout of the dynamic trendline and Resistance areas may give to the JPY a change of the trend.

20 gen 2023

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