USD/JPY 111.60-80 Zone Could Show Fresh Sellers

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The USD/JPY has dropped close to D H4 support. If retracement persists, we might see fresh sellers above.

Sellers in the USD/JPY pair are noted within the 111.60-80 POC zone. If the price retraces in the zone, fresh sellers will probably try to reject the price towards 111.30 and 110.90. Only below the yellow trend line and ATR confluence 110.80 we should see a breakout towards 110.50 zone.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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