Trade77; USDJPY, Pressure Again 7am


Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

Bad data for US economics caused the pressure on JPY crosses and USDJPY plunged and tested its previous low at 82.85.

I recommend to watch the price to reach 83.30-83.45 area which is shown by a square in the figure above and a possible retest of the broken trendline there and after a bearish H1 candle which closed below the trendline I will consider to go short again.
We have got news in 8:30 and if price reached that area before the news then stand aside and watch price action for a possible bounce and if price is behaving to that broken trendline as a good resistant area.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Great Thanks

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