We are always looking for pair in trend and USD/JPY is definitely in the down trend on time frame which we are looking. Right now price is at elite spot and is interesting for sell entry. We will wait until the 8am GTM+1 and then decide about if we enter or not. Price is also in sellers territory which is marked as blue level. Everything below that level is sell for us.
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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.