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Chibuike_Odoh

USDJPY - Potential sell re-entry 🔽

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Chibuike_Odoh  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY Forex currency
3
0
trendanalysis chartpattern indicator usdjpy forex currency
USDJPY rejected the descending channel resistance.
Price retraced and is testing the 0.5 fibonacci retracement level.
RSI is printing a bearish divergence signal.
We could see a a continuation of the impulsive downward move.
Sell re-entry ⬇️ - breakdown below the previous swing low.
Target 🎯 - descending channel support.
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