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USDJPY - Daily - Supply and Demand simplified

U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
abm-trading  
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Trend Analysis USDJPY usdjpyanalysis usdjpyshort usdjpylong usdjpyforecast usdjpydaily dollaryen
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chartpattern trendanalysis usdjpy usdjpyanalysis usdjpyshort usdjpylong usdjpyforecast usdjpydaily dollaryen
Usdjpy - Daily chart - Bearish reversal scenario explained in a simple way. After price had rallied for a prolonged period, there comes supply that starts taking out the previous demands (higher lows, trend line support buyers etc). This supply (Daily highs) broke the trend line support and broke the previous higher low support. After breaking these supports, price usually comes back upto the supply zone to fill all the unfilled orders then moves lower again.
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