USDJPY Technical and Order Flow Analysis

4 ก.พ.

Technical Analysis
Let do a complete breakdown to see what the market gives us
https://www.tradingview.com/x/CY5dBxl6/
From the above weekly time frame we could see the price managed to break 145 resistance. And breaking the level the price is likely to come for a retest at that structural level

https://www.tradingview.com/x/Tgxe9hjV/

As the price managed to break the support trendline the retest of the broken trendline signifies that price might come down after the retest. These are the reason why i would like to short USDJPY.

Order Flow Analysis
Let us see what the commercial traders and the hedge funds are doing. From that we can see that they are shorting the dollar and shorting the dolar makes Yen strong. Net position is moving from 20k to 372

DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and neither should you