USDJPY 3rd and 4th wave analysis

2020-01-12 08:11:43

This is my take on next weeks trade opportunity on UJ. Due to the extreme buying pressure from last week, I believe the bulls will win again after a bounce from the 109.200 level. I would be skeptical of a false breakout to the downside at the 109.2 level, as it will only be used to push price through its current price, and structured resistance level.

Thanks and GL