Sabi
Short

USDJPY Rebound Setup, Short Opportunity

FX:USDJPY   U.S. Dollar / Japanese Yen
66 0 2
USDJPY            

Since last Thursday the USDJPY             has formed a Bullish trend channel. However it is now approaching a significant block of support/resistance . If we see a rebound of this area then this will make a brilliant short entry for those who have missed out on the action.

I recommend taking a short entry once we see a rebound coupled with a break of the bullish trend channel for extra confirmation. A break above the 2015 low will put the pair back into bullish territory for now.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out