USDJPY started to turn bearish since last week as it broke below the bottom of a rising channel.
This week, the price has been seen constantly resisted at 108.7, causing multiple failed attempts to climb any higher.
Therefore, the structured can be confirmed as bearish and traders can look to sell around the current price.
USDJPY should present a stronger bearish movement once it broke below the demand zone at 108.2.
This week, the price has been seen constantly resisted at 108.7, causing multiple failed attempts to climb any higher.
Therefore, the structured can be confirmed as bearish and traders can look to sell around the current price.
USDJPY should present a stronger bearish movement once it broke below the demand zone at 108.2.
Order cancelled
Very weak selling pressure. Buyers taking over soon. Get out.
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Related publications
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.