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John_Mwaniki

USDJPY Analysis: Price bounced from a falling trendline

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
John_Mwaniki  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Technical Indicators Chart Patterns Trend Analysis USDJPY usdjpyshort usdjpyanalysis usdjpysetup usdjpysignal
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indicator chartpattern trendanalysis usdjpy usdjpyshort usdjpyanalysis usdjpysetup usdjpysignal
Hi traders,
In USDJPY daily chart, the price formed a falling trendline since the beginning October 2018 and has since respected it very well for five times.
Price has again revisited the trendline and the bounce is very evident in the smaller timeframes.
It will be safe to open only sell orders around this zone unless the trendline get broken.
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