USDJPY Short Idea
This pair is very bearish on all significant timeframes. On the daily timeframe we can identify a large descending triangle with key support at 106.000.
From the current level we’re looking for a lower high to form with strong bearish setups. Look to enter on a confirmed transition and target lower toward key support and negative fib levels.
For us to consider long opportunities we need to see a confirmed break and retest of 106.700
This pair is very bearish on all significant timeframes. On the daily timeframe we can identify a large descending triangle with key support at 106.000.
From the current level we’re looking for a lower high to form with strong bearish setups. Look to enter on a confirmed transition and target lower toward key support and negative fib levels.
For us to consider long opportunities we need to see a confirmed break and retest of 106.700