USD/JPY - Bears are returning?

FX:USDJPY   U.S. Dollar / Japanese Yen
36 1 1
As it can be seen on chart, a bearish AB=CD has been formed in the upper boundary of the channel. I propose a short position if the 120.4 level is broken, targeting 118.4 and with a stop loss at 121.2.

Good luck
Nice move here. Move the stop loss to break even point.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out