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Kevin_Lomax

USD/JPY Flag formation signaling continuation of trend

Short
U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)  
Kevin_Lomax  
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
2
0
Enter on break and close of the flag. First target 103-100 based on monthly support and weekly 200 period moving average. Looking for support to be tested as resistance around the 20 day moving average, and continuation of the Bear trend.
This also could be a possible bottom reversal pattern which is why we have to wait for confirmation of flag to trade this.

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