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FXCM

USDJPY is facing bearish pressure | 14 Sep 2020

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U.S. Dollar / Japanese Yen (FX:USDJPY)  
FXCM  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns usjdpy USD usdjpylong usdjpyshort jpy
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trendanalysis harmonicpatterns chartpattern usjdpy usd usdjpylong usdjpyshort jpy
Price is facing bearish pressure where we could see a reversal below this level.
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USDJPY is facing bearish pressure | 14 Sep 2020

Comments

Silverfox55
why is this bearish pressure ? it has bounced off support at 105.300 twice and formed a double bottom on the daily chart
Reply
FXCM Silverfox55
@Silverfox55, because price is still holding below the larger time frame trend line, you can check out our video explanation here:
USDJPY is facing bearish pressure | 14 Sep 2020
07:02
+1 Reply
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