USDJPY Short

21 giu 2022

There is a good setup for a Short on USDJPY. At the moment price is consolidating but mostly due to the Fed Barkin speech. Majority sentiment says price will drop, But it is also sitting under a line of resistance and a pivot point of 136.174. Overall trend is still bullish but there is a window of opportunity to catch the short. Because we are sitting on potential new highs, it is only right that the price will be tested in the macro scheme before continuation into bullish territory.