busya

USDJPY retracing up a bit then down to 111.600 area

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
On the higher timeframes, uj is sitting on the 38.2 prz level in a downtrend. On the 4 hour we see a head and shoulders pattern as well as a break of a trend line , and on the one hour we see a minor break of support. all we are waiting for is the retest and entry for the bearish push all the way to the 111.600 area
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.