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Tuesday, January 12, 2021

USDJPY 30min Analysis January 12th, 2021

USDJPY 30min Analysis January 12th, 2021

USD/JPY OANDA:USDJPY

Price had a strong rejection off the top of our large descending channel and weekly level at 104.200. We are now waiting for a retrace and a clear LH to form. Ideally we are looking for a rejection off the weekly level at 103.850 and below the 30min 200MA. Enter on strong bearish setups at these levels.



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