USDJPY-Weekly Market Analysis-Jan20,Wk2
A pretty bullish run towards Point D completion does create some restrain in shorting this pair. When a likelihood of another war breaks out in the middle-east region, often not USD is viewed as the safe-haven currency. Many has changed over the years, people start to take JPY, CHF, Gold and even Bitcoin as the safe haven.
Well, is always better to be safe than sorry, I'm waiting for a retest on the resistance before engage for a shorting opportunity.
If a retest didn't occur then I'll engage this trade for a short-term short on the new sell-zone.
Well, is always better to be safe than sorry, I'm waiting for a retest on the resistance before engage for a shorting opportunity.
If a retest didn't occur then I'll engage this trade for a short-term short on the new sell-zone.
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