USDJPY Trade Idea

UJ has been in a strong short-term uptrend. In today's trading session, I remain neutral bias and pay attention to the 109.80 key resistance zone. Two scenarios that I am looking at

1. If price pullbacks to re-test the 109.20 support zone, that gives us a potential retracement entry with 109.80 resistance zone as the initial target (Bullish)
2. If we notice a double top pattern rejecting the 109.80 resistance zone, be aware of some short-term reversal back towards the 108.40 support zone (Bearish)

Trade safe and be flexible.

Do follow my profile for daily fx forecast & educational content.