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Wednesday, August 11, 2021

USDJPY AT A CRITICAL TURNING POINT

USDJPY AT A CRITICAL TURNING POINT

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PAIR AT CRITICAL TURNING POINT
There is a possible trend line that can act a support for this pair. However, this current price level is a turning point
where sell pressure can rush in, from previous order blocks established. A break below this price, preferably below @110.20
and a proper retest can usher in sell pressure OR a bounce off @110.5 into @111 or close and a retest of the trend line as a
support can usher in fresh buy opportunities.

Above all, stick to your rules and plans and align with the disclaimer below!

Disclaimer: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.



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