Short on USDJPY
Clearly a strong downtrend. Keep an eye on the support levels, you clearly see the price boucing up again. This support level is also very strong and noticeable on the weekly timeframe.
On the corrent position the downrend will continue and drop further to the support level. Another comfirmation is the 50 EMA that went right through the bear candle. The other confirmation is the 200 EMA thats crossing the 50 which indicates a well known Death cross. Super Bearish!
TP at 108.500
On the corrent position the downrend will continue and drop further to the support level. Another comfirmation is the 50 EMA that went right through the bear candle. The other confirmation is the 200 EMA thats crossing the 50 which indicates a well known Death cross. Super Bearish!
TP at 108.500
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