ThinkingAntsOk
Short

Short Term Downside move on USD/JPY by ThinkingAntsOk

FX:USDJPY   U.S. Dollar / Japanese Yen
4H CHART EXPLANATION:

As we can observe, this pair is on a clear uptrend. However, it has reached the Resistance Zone and has been rejected there. Also, the Ascending Trendline of the last bullish impulse has been broken. Due to that, we consider that a short term bearish move is possible. Price is consolidating right now, so, if this consolidation is broken down, then the move will be confirmed.

DAILY CHART ANALYSIS:

Thinking Ants.
A platform entirely created to improve Traders development.

https://www.thinkingants.com/

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out