TimStuyts
Short

USDJPY watch for break

FX:USDJPY   U.S. Dollar/Japanese Yen
364 1 11
I expect USDJPY             to reverse bearish soon. However price might extend a little higher first. I'll be looking for the bearish reversal. If however price accelerates higher I will adjust and wait for the consolidation after the impulse. To me the current sideways price action is more like a reversal pattern than a consolidating structure. That's why my bias is bearish among other reasons.

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snapshot


I like to see USDJPY a little higher (109.15 minimum) followed by a bearish reversal. If this current consolidation plays out like suggested in the post I will be selling USDJPY with the potential of several bearish break-out to follow.
Comment:
snapshot
Comment: https://www.youtube.com/watch?v=HvmWTm4fcl8
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looks good to me, i came to the same conclusion on my chart
+1 Reply
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