USDJPY (probably) heading back to the 109.250 area
1. Ranging market (bearish momentum).
2. Market is testing a horizontal resistance level around the 109.750 area.
3. Market is testing a (Swap) Supply zone that was tested twice before.
4. Price action illustrating the rejection of higher prices.
5. Increase in Volume -> Extensive selling.
2. Market is testing a horizontal resistance level around the 109.750 area.
3. Market is testing a (Swap) Supply zone that was tested twice before.
4. Price action illustrating the rejection of higher prices.
5. Increase in Volume -> Extensive selling.