JohnnyPurtoy98
Short

USDJPY - Bearish signals

FX:USDJPY   U.S. Dollar / Japanese Yen
The price looks like it has managed to make its way up to a strong resistance level , the price is currently in a bullish channel and has bounced off the resistance level and started to head lower to the support level of the channel. I believe it is very likely that the price is getting ready to break out the bottom of this channel and could make further bearish moves. The price would need to gain a lot of momentum to be able to break this strong resistance level . I would keep everyone updated on this pair over the coming weeks. Follow and like for more daily analysis like this.

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