Some breathing space for USD/JPY in the short term?

18 Okt 2023

Price close to the fateful 150 threshold, a price that the BoJ does not seem to want to cross. On the daily chart there is a divergence which could indicate a loss of strength in the bullish trend.
A double maximum has recently been formed, a short-term short can therefore be considered which gives breathing space to the pair, the levels identified are 38.2 and 61.8 Fibonacci. The 61.8 level also corresponds to an important possible support, and could cross the dynamic support formed with the July lows.

https://www.tradingview.com/x/4xrHJlom/

SL positioned around 150.77, above the recent high of 150.16 shown in early October.

I am here to learn, corrections or opinions are welcome.