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LUNGU_FX

bearish outlook for the USD/JPY

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
LUNGU_FX  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Technical Indicators Fundamental Analysis USD USDJPY Bearish Patterns market structure
4
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chartpattern indicator fundamental usd usdjpy bearish market structure
with the RSI indicating the usd/jpy being over bought (over 70%) on the 4 hour time frame and price coming to the strong resistance zone of 110.800 - 110.740 we are getting a bearish bias. if market structure holds im having a bearish outlook for this pair. however we need to keep in mind the 14:30 news for the usd, if the news comes out as good for the dollar US I'm expecting a break above the strong resistance zone zone of 110.800 - 110.740 USDJPY
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