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ThinkingAntsOk

Strong Bearish Movement coming on USD/JPY by ThinkingAntsOk

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ThinkingAntsOk  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis USD jpy USDJPY short position dollar
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trendanalysis supportandresistance mtfa usd jpy usdjpy short position dollar
4H CHART EXPLANATION:

Price has broke the Ascending Wedge Pattern, did a pullback to the broken trendline and has started a downside impulse. We expect this movement to reach the Support Zone at 108.0, and if this zone is broken, then the potential target would be the Support Zone at 106.600.

DAILY CHART:

snapshot

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