Hi Traders, welcome back to another market breakdown on USDJPY. In the previous analysis, I've discussed about the multiple failures on USDJPY failing to break through 114.70 high. As the market had a sharp decline previously which indicated a potential trend shift, we'll now be looking for some short-term selling opportunities towards 112.70 - 112.10.
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If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Let me know your thoughts in the comments below.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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Previous analysis
