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rodriguesths

USDJPY BEARISH SCENARIO??

U.S. Dollar / Japanese Yen (FX:USDJPY)  
rodriguesths Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns USD jpy Bearish Patterns tradingbay downtrend
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trendanalysis chartpattern usd jpy bearish tradingbay downtrend
Price has touched the oct 18 down-trend channel and fell to 107.80 in two waves. So now my thoughts are that we could see a third wave down maybe to 107.00! Lets see!

Any thoughts?

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Comment:
Price is sitting below 108.50, if we see some bearish candle formation, we going in scenario B! If daily close above 108.50, we might consider going long
Comment:
Fundamental messed the setup, but we managed to take some profit when it spiked down to 107.80! Will update soon
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