U.S. Dollar / Japanese Yen
Short
Updated

USD/JPY Analysis: Bearish Bias with Multi-Market Confluence!

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๐Ÿ“‰ USDJPY Technical Breakdown โ€“ Yen Strength in Focus ๐Ÿ“‰

In this video, we take a close look at the USD/JPY, which is currently under pressure and trending to the downside ๐Ÿ”ฝ. The bearish momentum is clear, but there are several key factors to consider before positioning ourselves for a potential short ๐Ÿ“Š.

๐Ÿ” First, itโ€™s important to monitor the equity markets. If we start to see a pullback or sell-off in the stock indices ๐Ÿฆ๐Ÿ“‰, that could translate into further yen strength, adding weight to a USD/JPY short bias ๐Ÿ’ด๐Ÿ’ช.

Another key piece of confluence is comparing the DXY (Dollar Index) ๐Ÿ“ˆ with the JXY (Japanese Yen Index) ๐Ÿ“‰. This gives us deeper insight into the relative strength of each currency and helps confirm our directional bias before entering a trade โš–๏ธ.

๐Ÿ” Coming back to the USD/JPY chart, weโ€™re watching for a retracement into a Fibonacci point of interest, which could provide a high-probability area to enter a sell setup. If price reacts from that level and confirms with structure, we could have a clean opportunity for continuation ๐Ÿ”‚๐ŸŽฏ.

โš ๏ธ This is not financial advice โ€” always conduct your own analysis and manage risk accordingly.
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2 great opportunities to short as per the video snapshot

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