iggytay
Short

USDJPY - D1 - Suggested Short

FX:USDJPY   U.S. Dollar/Japanese Yen
51 0 2
Countless attempted in the H4 that this pair was unable to break out of the bear channel . CCI is below 100, if Monday it opens with a CCI bar lower than the previous, this will be a good RR short trade.
Comment: UJ has broken out of the bear channel on the monday afternews mad rush. I would foresee Uj will returb back to 110 to retest the broken resistance channel and if the resistance becomes the new support, i would see that achieving 112 for UJ is seemingly possible.

However, taking note that the breakout of the channel is accompanied by low volume, it is building up a bearish divergence therefore, i still hold my stand that this pair is short bias.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out