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VladimirRibakov

USDJPY Forecast

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
VladimirRibakov  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Multiple Time Frame Analysis Trend Lines Trend Analysis USDJPY SELL Bearish Patterns Trend Line Break bearishhiddendivergence bearishdivergence sellzones
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mtfa trendline trendanalysis usdjpy sell bearish trendlinebreak bearishhiddendivergence bearishdivergence sellzones
D1 - Price broke below the uptrend line and an important support level, lower lows. Currently it looks like a pullback is happening.

H4 - Bearish hidden divergence.

H1 - We have two important sell zones that has formed based on the fibonacci retracement and fibonacci expansion levels of the cycles we have. Price has reached the first zone, we had bearish divergence and an uptrend line breakout.

Until both these sell zones hold my view remains bearish here.
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