Get started
Elliot_Myers

Dollar Yen - Short Set Up

U.S. Dollar / Japanese Yen (FX:USDJPY)  
Elliot_Myers  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis USDJPY
3
0
trendanalysis usdjpy
Price has rejected a move above 113.162 with several bearish wick formations signalling that buying power is drying up.

Watch for another failed break above 113.162 to open a selling opportunity down to the next reasonable support at 111.500.

Related Ideas

Elliot_Myers
Dollar Yen Short Set Up
Elliot_Myers
GBP/USD - Short Set Up
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.