KN_FXtrader
Short

USD/JPY Technical Analysis

FX:USDJPY   U.S. Dollar/Japanese Yen
The price is moving in a bearish channel. Waves are shaping as shown in the graph. My view about this pair is bearish . I think the pair would continue its downtrend after the retracement that is happening now. A good level to sell is fibonacci levels based of course on candlestick patterns too. That would be the end of wave 4 and i expect wave 5 to be as long as wave 1 was.
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