Art-of-FX

USDJPY Watching Candlestick 4 hour TF

FX:USDJPY   U.S. Dollar/Japanese Yen
102 1 5
For those of you currently long the UJ something to be aware of. The 4 hour has put in a moderately bearish candlestick. 4 hour is a pretty reliable with candlestick. On a grander time frame its around the 50% of the entire decline. I use Fib lines as soft S&R levels so I would be watching this especially close for a possible bearish retrace
Gino
15 days ago
The USD seems just on a tear trend, train coming at you with no stop stations :-)
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