Analyses FIRST week 2 FEV - USDJPY

Little analysis of the different scenarios that could happen for the pair.

The beginning of the previous week was rather boring, with a consolidation that ended up being broken at the end of the week with the objective of resistance 108,400.

I am rather bearish on this pair, we will wait for confirmation with a retest of the resistance to be able to venture on shorts:
Entry at: 108.44 after the retest
SL: 108.84 (40 pips RISK)
TP: 106.50 (194 pips)


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