ryangreider

USDJPY Selling Season

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
In the Weekly/Daily chart there is a clear simetrical triangle leading the price to the center. At this point I zoomed in to the 1 hour chart where the short term bullish trend has been reversed by a possible and very noticeable "head and shoulders" pattern. First sell should be finsished at 111.000, and a good swing to 109.800 support. Nice and clean, at the long term I would say this bearish trend would fall and stop at 108.600.

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