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RLinda
Sep 1, 2022 9:31 AM

RLinda ! USDJPY-> False breakdown. Will there be a correction? Short

U.S. Dollar/Japanese YenFXCM

Description

The USDJPY is trading in an uptrend. It is the strongest uptrend in a while, definitely influenced by the global economic situation.

There is a resistance level, 139.4, and on the retest, the price made a false-break and consolidated under it, in the short zone.

I believe that the formation of a bearish correction in an uptrend is possible, provided that the price is able to maintain the false-breakdown pattern, the short-term target - support 136.376

Regards R. Linda!
Comments
RLinda
agree?
FOREXN1
I think will continue to grow :) Thanks for sharing !
JoeChampion
Perfect!
Mihai_Iacob
Let's see. Thanks for sharing, Linda
HAMED_AZ
thank you for sharing
BKTradingAcademy
Yes, it’s possible! Thanks for your great work!
Yelli_trades
correction possible but overall very bullish and potential for next bullish leg on daily as well
RLinda
@DemoDiaryFX_Trading, maybe. Thanks for feedback
MagdyEl-Nidany
Still aiming for a down movment ?
Serana2324
Good work, thanks for sharing
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