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Rowca528

Bearish Scenario for UJ

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Rowca528  
FX:USDJPY   U.S. Dollar / Japanese Yen
Harmonic Patterns Trend Analysis short shortsetup USDJPY usdjpyidea Bearish Patterns tecnicalanalysis
2
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harmonicpatterns trendanalysis short shortsetup usdjpy usdjpyidea bearish tecnicalanalysis
After the price breaks the multiple structure, then the 150,500 area becomes an important level.
Currently the price is just trying to return towards the 0.786 Fib area. after that the price will retest the price level around 150,500 - 150,700. Once the price reaches this area, further confirmation is needed for bearish action.
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