USDJPY Daily Trade Setup 13/8/26
USDJPY Daily Trade Setup 13/8/26
USDJPY is still long-term bullish above 152, but the H4 structure is vulnerable to another corrective sell leg if price fails at 160/161.
Sell rallies into 160/161 while the price remains capped. Target 152 weekly trend support. Below 146, the weekly structure flips bearish.
For now, the best tactical bias is bearish from resistance, not bearish in the hole – to review the technical chart click here!
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Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!