USD JPY Bearish big picture

FX:USDJPY   U.S. Dollar/Japanese Yen
142 1 1
Well a lot of things to talk about. step by step so everyone can understand easily.

1- we have our final correction price by touching 98.64 so we re done with the week bullish .
2- strong economic data released this afternoon ( europe for me ) did avoid the collapse of the dollar that means the bearish sentiment is taking over the bullish movers.
3- the trendline working ( red line ) as a resistence was very efficient.
4- the next mid target is going to be @ 96.50 which was the trigger of the past correction the uprise.
5- the 95.96 line support is a major signal for more downtrend if broken then the second target will be 95.
updates will come later .

happy trading week. be safe and no hurry markets wont go away if you miss a trading day

nb: ppl             disliking my chart should argue so we can all enhcance our trading skiils. please
3 years ago
2- did not avoid. sorry for the mistake
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