USD/JPY Looking for Reversal

FX:USDJPY   U.S. Dollar / Japanese Yen
145 0 3
The USD/JPY             fell from 110 with a strong impulsive sequence to the 105 support area . Currently, the pair seems to be in corrective mode, with the buyers unable to produce very significant gains for the week. Additionally, the 20 EMA seems to be strong resistance so far, which has not been the case for a long while. Given these considerations, we feel like a strong break and close below the ascending trend-line will be enough to warrant a short, hoping that the sellers produce another impulsive move towards the 104.150 area, with our stop loss above the 20 EMA and 50% fib we should have good r&r.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out