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DesharedPierreJr.

usdjpy is throwing bearish reversal signals

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
DesharedPierreJr.  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Pivot Points Trend Lines USDJPY retest indecision Bearish Engulfing reversal reversalsignal dollaryen dollaryenshort sellusdjpy
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supportandresistance pivotpoints trendline usdjpy retest indecision bearishengulfing reversal reversalsignal dollaryen dollaryenshort sellusdjpy
The dollar has been very strong versus the Yen lately. Price has reached yet another high and i believe its like to retrace bearish. The sellers have stepped in a provided some indecision and buy exhaustion. The blue 8 exponential moving average crossed to the dowside below the 21 simple moving average and price began a minor downtrend. This usually occurs before a breakout and upon a retest of that bearish candle that initiated the downward movement.
I'm awaiting a re-test of $13.868- $144.155 so signal if price would like to continue bullish intraday or retrace bearish and sell for lower lows now.

Related Ideas

DesharedPierreJr.
usdjpy reversal signal at retest high
DesharedPierreJr.
USDJPY high around 143.800
DesharedPierreJr.
USDJPY retracement at the high
DesharedPierreJr.
USDJPY to create another higher high
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