chart_artistry

POTENTIAL LOWER PRICES HERE ON USDJPY

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
We can see a downtrend may be presenting itself here on usdjpy. The price is failing to close above 146.500 and at this level we are seeing lower highs being printed and lows being broken. We have broken and retest my drawn trendline which gives me futher confirmation of momentum shift even though trendlines can be very subjective. Can turn out to be a nice trade.
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.