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khalilmcmillan

USDJPY - Bagging the Retracement

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
khalilmcmillan  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
4
0
trendanalysis
USDJPY has been on a nice uptrend for a while. Now that it has broken structure on H1 and made an engulfing on H4, we can start to see the pair make its correction.

If the pair can closed below the daily resistance, we can see the pair continue down for some time.
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