LFX

USD/JPY - BEARISH

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
1
Looking for a candle closing back within the pennant.
Target 1 (117.667) is strong historical support/resistance, Target 2 is the bottom of the pennant.
Daily candle is looking to close at Gravestone Doji signifying a bearish reversal.
Will look for a more precise entry on H4 chart.
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.