Greetings Forexia Family, lets break down analysis on USDJPY. As you can see from the overall trend that pair has overall downtrend. And it has been consolidating for two days collecting orders. To continue its way to downside. However, it might do its push to the upside to collect buy orders and stop out those early sellers with NFP news release, i believe we are going to have positive news on NFP, but it will still drop after the stop hunting sellers.
I am expecting the scenario below.
PLEASE TRADE WITH CAUTIONS AS NFP MAKES PAIRS VOLATILE.
IF YOU DO NOT KNOW WHAT MIGHT HAPPEN DONT TRADE IT.