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Bullandbeartrading

USD/JPY Trade Idea

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Bullandbeartrading  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY short Bearish Patterns topdownanalysis Forex swingtrade
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trendanalysis chartpattern indicator usdjpy short bearish topdownanalysis forex swingtrade
Hello and welcome to my Trade Idea of the currency pair USD/JPY.

Let's start with the Top Down Analysis.


Monthly: We see on the monthly timeframe a very strong bearish trendline. Because of that my view is bearish.

Weekly: Here we recognize lower highs.

Daily: The daily timeframe shows a nice trendline. Also we see a bearish engulfing candlestick formation at a strong level.


Have a nice day.
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