Bearish because price rejected at 100 EMA on Weekly Chart. Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Dec 31, 2019 10:21 PM

Bearish because price rejected at 100 EMA on Weekly Chart. On Daily, price closed back into lower channel.

Comments

AFRO_FX

⋅ Dec 31, 2019 11:03 PM

Or it might just keep going down ?

AFRO_FX

⋅ Dec 31, 2019 11:03 PM

Is there any chance that it will buy ?

StampsFX

⋅ Jan 2, 2020 5:14 AM

@Theenigma149, Yes there is a small chance that it could move higher, but right now there is heavy selling and price closed below support.