USD/JPY Trade Idea
Hello and welcome to my Trade Idea of the currency pair USD/JPY.
Let's start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a very strong bearish trendline. Because of that my view is bearish.
Weekly: Here we recognize lower highs.
Daily: The daily timeframe shows a nice trendline. Also we see a bearish engulfing candlestick formation at a strong level.
Have a nice day.
Let's start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a very strong bearish trendline. Because of that my view is bearish.
Weekly: Here we recognize lower highs.
Daily: The daily timeframe shows a nice trendline. Also we see a bearish engulfing candlestick formation at a strong level.
Have a nice day.
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.