WBGwen

USDJPY Watch the breakout, Big drop could occur soon

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
*The price retest the major resistance currently.
*Watch the price action for rejection then break the major trend line
*If the price break major trend line price could drop and test 108
Find corrective pattern in smaller time frame and keep selling all the way down to 108

This chart is just a bigger picture, not a trade setup.

Update for trade setup will follow.

(Note: Never trade with the money you can't afford to lose)

Good luck.

Please like, comment, and subscribe to support the author if you find this analysis helpful.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.