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Bearish Bias Maintained as USD/JPY Prepares for Potential Drop

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Dollar A.S. / Yen Jepang (FX:USDJPY)  
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FX:USDJPY   Dollar A.S. / Yen Jepang
Trend Analysis Technical Indicators Chart Patterns USDJPY Forex forexsignals forexsignal signals signal fxsignals fxtrading
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After successfully implementing yesterday's trading idea, the USD/JPY is currently profitable. However, a new bearish momentum may be on the horizon, and as a result, we have updated the Take Profit (TP) target to reflect a potential drop in price. Our trading bias remains bearish, given that the EUR/USD is currently showing growth.
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