USDJPY: Overbought Market & Pullback 🇺🇸🇯🇵

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U.S. Dollar / Japanese Yen (OANDA:USDJPY)

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OANDA:USDJPY U.S. Dollar / Japanese Yen

Trend Lines Multiple Time Frame Analysis Elliott Wave USDJPY DJ FXCM Index USD dollar yen japaneseyen Forex

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Hey traders,

After a sharp bullish rally, USDJPY reached a major rising trend line on 3 days time frame.
I will expect a bearish move from that.

The first goal will be a rising trend line that serves as a local support on 4H,
in case of its bearish breakout the second goal will be 115.0 level.

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Comment:

Check my new analysis on SILVER:

SILVER (XAGUSD): Breakout & Bearish Continuation 🪙

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