U.S. Dollar / Japanese Yen

Short

USD JPY Possible short scenario

Updated

Basic Supply and Demand idea

Note

Note, there's also a bearish AB=CD pattern which can be spotted with a naked eye
The supply area it's just touched is a fibonacci area

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.