USDJPY: Important Breakout & Bearish Continuation

OANDA:USDJPY   U.S. Dollar / Japanese Yen

As we discussed earlier this week, USDJPY looks very bearish .
Now we see one more bearish clue: confirmed breakout of a bearish flag pattern on hourly time frame.

With a strong rejection from its resistance, and consequence lower high, pair looks overwhelmingly bearish .

I expect a drop to lower price levels.

First goal - 103.58

The price can go even lower. Apply trailing stop to catch a major swing move.


I love this analysis. thank you for sharing.
Nice and simple.. Keep up the good work!
VasilyTrader Royal_Trades
@Royal_Trades, thank you bro ☺️
Yen is quite volatile now!
Be extremely careful!
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