USDJPY been a nice mover from past few sessions, price action is struggling at the moment, momentum is weakening across short term time frames as well, so i am looking for short setups here, not expecting much pips but still there is scope for 30-40 pips.
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Note
Quite often at the time events like FOMC we see whipsaws, so it is possible that market spikes up first and then start reversing, so in that case i will be putting my stops at the high of the spike, or 114.20 if my idea doesn't play out.Trade closed: target reached
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.