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effiongrichard47

Possible shorts

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
effiongrichard47  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
UJ is bearish overall on weekly and daily timeframes. The 4hr has broken structure to the downside giving greenlight for a possible fall in price, signaling the daily pullback is ended and the impulse phase about to start.

summary of confluence:
  • Previous week high taken
  • price currently reacting from a daily orderblock

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