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MountOlympusFx

USDJPY SELL: Weekly, Daily & 4hr Breakdown Analysis.

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
MountOlympusFx Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY Forex
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USDJPY

+ Weekly: Pair has double topped at 112.08 zone and closed as a shooting star signalling sellers are about to push the markets down.

+ Daily: Price gapped down on open however price found support at 111.86. Strong area of support confirmed as 2 hammer candles formed of this zone previously.

+ 4hr: Price was trapped in a 25pip range between 112.08 & 111.86. Now price has had a clean break of range to the downside. Will now be looking for a small pullback into 111.86 then shorts down to 110.95

Trade active
Trade closed manually:
Dollar has gained strength
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