Sforex
Short

USDJPY: CORRECTION CONTINUES ?.

FX:USDJPY   U.S. Dollar/Japanese Yen
253 5 2
USDJPY             1H chart.

I see a strong support at 107.53, and resistance at 108.20 as well as bearish trend line I show on the chart.

Actually, if I choose bearish for US Stock as well as Nikkei225, USDJPY             becomes easy to trade : SELL USDJPY             .

Here my idea:

Buy if price breaks bearish trendline and move above 108.

Sell if price breaks key support 107.53

I choose bearish , I will SELL when price breaks 107.53

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Doesn't look that bearish if you ask me...
Reply
naji vlad.adrian
2 years ago
why ? can you explain your point of view plz?
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vlad.adrian PRO naji
2 years ago
Because the daily stands at value and the hourly chart looks like it is forming a base
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Sforex PRO vlad.adrian
2 years ago
Now it borke.
Reply
thanks I think the decline continiues if prices break 107.400 falls to 106.600
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