USDJPY Analysis

11 sept.

My thoughts on this pair right now is that price just hit a weekly zone so there's a chance it could retrace back to my Daily Zone or even the Weekly Structure, just depends on how it respects this current zone. Looking at DXY I see price recently retested 100.701 area and is now kind of hovering the 101.8-101.900 area after breaking above 101.455-101.545 structure I had, so the likely hood of DXY continuing bullish seems to be in the cards so I'll keep that in mind especially with the high impact new coming in on Thursday. With that being said if price breaks bearish I'll definitely be looking for the transition entry further to the downside.