YemiTrader

USDJPY Daily Timeframe Pin Bar Trend Continuation Trade

FX:USDJPY   U.S. Dollar / Japanese Yen
37 0 3
I spotted this potential trend continuation trade on the USD/JPY             pair. The market has been in a down trend since the beginning of the year and has recently pulled back to previous structure support now acting as resistance. it almost touched the 61.8 Fibonacci retracement . There is also a 55 Day EMA confluence with further confirmation with the formation of a bearish pin bar .
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