USDJPY: Complete Indecision Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Dec 24, 2019 7:47 AM

USDJPY is currently consolidating within a narrow horizontal range.
for now, the future direction of the market is vague.

I believe that the breakout will clarify the sentiment of the market participants.

Comments

VasilyTrader

⋅ Dec 24, 2019 7:47 AM

What is your take on USDJPY?

RandyFuego

⋅ Dec 29, 2019 9:49 AM

@VasilyPonomarev, Hi Vasily,

I believe its showing bearish signals. Here's a snapshot of the USDJPY Breaking out of a channel up on the 1H chart. Also if you go to the 1D chart you can see a triple top.