Get started
YoungSlav

USDJPY Short

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
YoungSlav  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY jpy Forex forexsignals JPYUSD
4
0
trendanalysis harmonicpatterns chartpattern usdjpy jpy forex forexsignals jpyusd
145 is proving to be very strong resistance for the USD/JPY pair. Here we can see the development of a Diamond shape on the 1H which typically signals a trend reversal. Additionally, we can see a Head & Shoulders pattern, further strengthening our bearish bias. I have opened a short here and I’m looking for a multi-day swing down to 142 and possibly 140.

Not financial advice, please trade responsibly!
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.