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Profound_Ambition

USDJPY 4H

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Profound_Ambition  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Supply and Demand Support and Resistance USDJPY short downtrend yen DJ FXCM Index
7
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trendanalysis supplyanddemand supportandresistance usdjpy short downtrend yen usdollar
Bearish bias, as price is below moving average and we so a break of 4 hour uptrend after bouncing off strong weekly resistance. I am expecting a pullback back to the trend line & from there will look to go short. As we see price now forming lower lows & lower highs, this indicates a reversal.

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