BitcoinForex (SPOT)

USD/JPY: Short term updates analysis

 

Today we continue to follow the $USDJPY pair on small time frame, becouse to get a simple setup. That said, if we follow the pair on hourly chart, we can see an interesting swing that we could use to trade in short term. Having said that, as shown on 1H chart, the pair should trigger an interesting up leg with a target low around 135.90. At the same time though, I am hoping for a new low before a rally.

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