USDJPY has been in a broader downtrend for quite some time now. As the markup demonstrates, I believe we are in the beginning stages of a new downtrend that could very well lead us to the a new 2018 low.
I am short from 109.80 and 108.95 with a pending short a 109.35
I believe it is safe to short on any rallies and only a Daily close above 111.25 would invalidate my bearish bias.
I am short from 109.80 and 108.95 with a pending short a 109.35
I believe it is safe to short on any rallies and only a Daily close above 111.25 would invalidate my bearish bias.