USDJPY - Next Move

This pair is closing in on my trend lines marked and the pressure is building up, let's see which way it breaks before considering a bias. If the pair manages to stay below the previous key level marked I will be interested in a long term sell position with a great risk to reward ratio.

According to COT data source - 46.3% short
IG Client Sentiment - 43% short
(I have found that when the bias is in one particular way it tends to go the other way haha!)

DXYTechnical IndicatorssentimentTechnical AnalysisTrend AnalysisUSDUSDJPYusdjpyshortWave Analysis

Also on:

Related publications

Disclaimer