ArabScalper

USDJPY | Technical Analysis Movement Prediction

OANDA:USDJPY   U.S. Dollar / Japanese Yen
First we see a Head & Shoulders that rightly goes in a downtrend, moving average 200 got switched from downside to a upside, we see lower high and lower lows in the developing downtrend
Supports/Resistances are giving psychological indicators, UPTREND got broken and now it is converted into a DOWNTREND. we will wait for LH2 and place a fresh SELL ORDER...

Cheers!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.