Get started
GemtradesFX

USDJPY SHORT

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
GemtradesFX  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators gemtradesfx USDJPY usdjpyshort 50ma resistance_level
1
0
trendanalysis indicator gemtradesfx usdjpy usdjpyshort 50ma resistance_level
Still in a downtrend with several rejections of trendline, creating new lower highs, failing to make higher highs.

Perfect wick rejection of the 0.618, which lines up nicely with the 50MA, descending trendline and the resistance area.
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.