USDJPY - Did you miss the action?

PAIR IN FOCUS: USDJPY
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM

We have price breaking down from the Critical Zone and is now at a support/resistance level. It could rebound from this level and retest the CZ before continuing the next bearish leg. With the bullish momentum in Yen, price could melt to the TP levels without any retracement.

The Stop Loss is valid only when price retests the CZ (with bearish price action), that is to say, if price rockets through the CZ, this set-up is invalid.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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