USDJPY: Bearish Wave is Coming? 🇺🇸🇯🇵

Short

U.S. Dollar / Japanese Yen (OANDA:USDJPY)

Updated

OANDA:USDJPY U.S. Dollar / Japanese Yen

supportandresistance supplyanddemand parallelchannel usdjpy yen usdollar dollar usd forex trading

On morning's Live Stream we discussed USDJPY.
Last week the price reached a key weekly resistance cluster.
Bears started to push and today they managed to violate a rising parallel channel to the downside.

I believe that such a breakout may trigger a strong bearish continuation.
The price may drop to 112.1 structure soon.

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Comment:

Check my new idea on GBPCAD:

GBPCAD: Bearish Continuation After Breakout 🇬🇧🇨🇦

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