Renkotrade
Short

USDJPY Still SHORT Headed at the resistance 1 HR Chart

FX:USDJPY   U.S. Dollar / Japanese Yen
#USDJPY #EURUSD
Hello to all watching my charts

If we have a closer look to USDJPY in my eyes its still a short position.

If you have a very shorttime view you could find a small longchannel
from yesterday evening and the new low

107.20 to the close of today at

107.70

but it seems to me that this shorttime long is very limitied
until the pair will not brake

107.85 (my black line - resistance from 15.7.2019)


If it will do so, i have marked with blue ARROWS the range

wherE i do a change of trend to long.

But i mave marked the last highs with black arrow lines
and it easy to see that these lines are all lower and getting lower

So we have lower highs and lower lows which idicates a short trend.


We have to wait until start of next week ;

Political influence is also possible to the Dollar as

UK OILTanker has stopped by IRAN just now

so let check what the pair will do beginning of next week

At the moment i cant see any reason to start with a USDJPY position
right now.

Good trades

If you want to support my work and my charts please like them..

Renkotrade
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