VasilyPonomarev

USDJPY: Important Breakout & Bearish Continuation

Short
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

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

Comments

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