OraclePips

USDJPY UPDATE: BIAS: SELLING

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Though the usdjpy is still in an uptrend, there is a sign that the uptrend could come to an end soon, as the price is failing and failing to make a new high. Instead, what we are currently seeing is a lower high market structure in 15 minutes timeframe. Just open your eyes to see and understand what the market is saying. Don't just buy usdjpy now because this analysis is based on the market behavior noticed in the higher timeframe. Currently, the bulls are weak as seen from their movement.

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