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U.S. Dollar / Japanese Yen
Short

USDJPY rejected it's High Wave

66
USDJPY after continuing long terms upper direction, this currency pare moving sideways 113.300 to 114.400 level with high wave. Last of all it creates a clear Bearish Engulfing pattern that confirm us short position for a certain period. We should take decision to short USDJPY at the price 113.200 and risk level should be 113.100 Expected target will minimum 112.00
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Bearish PatternsSupport and Resistance

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Bearish PatternsSupport and Resistance
forexadvisor
Also on:

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.