Oct 3rd W1 Pre-open analysis: USD/JPY, wait to short
The video is a pre-open analysis for the week ahead (Week 1, W1) that highlights key structures on an MTF basis.
USD/JPY is stuck in a range following 4 levels of rising and could be on the way to 1998 highs.
I am neutral on this for now and I see both bullish and bearish scenarios but I lean with a bias to the downside.
We will need to wait and see what the market wants to show us in the open between Monday and potentially Tuesday's price action.
USD/JPY is stuck in a range following 4 levels of rising and could be on the way to 1998 highs.
I am neutral on this for now and I see both bullish and bearish scenarios but I lean with a bias to the downside.
We will need to wait and see what the market wants to show us in the open between Monday and potentially Tuesday's price action.
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
Follow me at FXStreet: www.fxstreet.com/author/ross-j-burland
Come on over to my YouTube channel and Level Up your trading! 💸💸💸💸💸 @RJBforex, Like and Subscribe!
Follow me at FXStreet: www.fxstreet.com/author/ross-j-burland
Come on over to my YouTube channel and Level Up your trading! 💸💸💸💸💸 @RJBforex, Like and Subscribe!