USDJPY-Weekly Market Analysis-Mar21,Wk3
If the market retraces back to the yellow zone, the action on USDJPY will be on this timeframe, the 4-hourly chart.
If the market shows a buying signal without breaking and closing below the low price within the yellow zone, I will be looking for a buy, however, if the market break and close below the yellow zone, I will wait for a retracement back to 108.70 for a shorting opportunity.
If the market shows a buying signal without breaking and closing below the low price within the yellow zone, I will be looking for a buy, however, if the market break and close below the yellow zone, I will wait for a retracement back to 108.70 for a shorting opportunity.
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