SuperForex

A downtrend for the price

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
In connection with the prevailing trends in the markets, the dollar continues to decline relative to the basket of major currencies.
That is connected with some political risks, and also it is confirmed by a technical picture.
Our pair has a formed downtrend and at the moment we have moved away from the upper boundary of the descending channel.
Thus we advice to make short trades and look for points to exit at the lower borders of the channel

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.