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USDJPY: Potential Bearish Scenario (Trading Plan)



⚠️USDJPY is trading within an ascending triangle on the hourly chart.


Taking into consideration that the trend is globally and locally bearish ,

I remain bearish biased and expect a trend continuation.


In order to catch the next wave, I would suggest being focused on 103.67 - 103.73 hourly demand area.

If we see a 1H candle close below that, it will be a strong selling signal and bear run will most likely start.


Next goal will be - 103.4


(in contrast, if we close above 103.9 level, the setup will be invalid)

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