Get started
T3-Consultancy

USDJPY 15M: Bearish outlook seen, further downside below 138

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
T3-Consultancy  
FX:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Trend Analysis Chart Patterns DJ FXCM Index USDJPY usdjpyshort usdjpybearish Forex forexsignals forextrading
0
0
harmonicpatterns trendanalysis chartpattern usdollar usdjpy usdjpyshort usdjpybearish forex forexsignals forextrading
On the 15M timeframe, price is showing strong bearish correction. A pullback to the resistance zone at 138.6, which coincides with the 50% Fibonacci retracement, and a break below downside confirmation at 138.3 could provide the bearish acceleration towards the support zone at 138. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.