vj20_fx

Strong Clean Downtrend

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
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USDJPY has been in a clean downtrend creating LH's and LL's since the beginning of the year. Price has now retraced back to the trendline and has shown a clean bounce indicating a move back down. Price has also just broken through my counter trendline which has shown to be a strong retracement previously. I can see a bearish movement for next week so I will be going short long-term until my MONTHLY RES which also creates a LL.

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