U.S. Dollar / Japanese Yen

Short

Updated

USDJPY Bear Flag: Reversal off .382 Retracement

USDJPY has moved in a rising channel to retest the .382 fib retracement level of the AD impulse wave.

Price has recently broken this channel to the downside, and has broken below horizontal support.

I expect the price to retest the broken channel before continuing to the downside.

Trade active

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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.

Also on:

Related publications

USDCHF Bear Flag, Structure, and RSI Divergence

LYFT Gaining Momentum After Completing Retracement

NZDUSD Reversed Off Fib Confluence Zone, Bull Flag, Divergence

EURNZD Possible AB=CD: Reversed From .5 Fib, Two Bear Flags

EURCHF Head And Shoulders: Reversal Off .5 Fib & Confluence

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.