Sforex

USDJPY: OK, It rejected 118, I like SHORT, but WHERE ?

FX:USDJPY   U.S. Dollar/Japanese Yen
213 0 3
Last week, after clearing the triangle pattern , USDJPY             fell agressively to 118 key support but U/J rejected this level and traders considered this level as a chance to BUY USDJPY             at lower level.

The bounce of USDJPY             mainly came from the strong rally of US Equity market.

However, I don't the rally of stock market is sustainable, and I still favor a SHORT of USDJPY             .

Look at on the chart, I see three trend lines and resistance level converge at 120 level in one point.

AND THAT IS THE POINT I WANT TO SELL USDJPY             .
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out