BTM-Trading

USD/JPY PULLBACK??

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BTM-Trading Diupdate   
FX:USDJPY   Dollar A.S. / Yen Jepang
Hello everyone, USD/JPY has been on a very good rise since 24 March, following a beautiful upwards S/R. It has broken the resistance two time. The first time, it made pullback back into our zone. We are still above our 50 & 200 MA, so technically we are still looking for buying opportunities. However, the market's upward momentum seems to be slowing down. I'll be looking for some short scenarios. If the market drops and closes below our resistance level or experiences a pullback, I will enter my trades.

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