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m_maia14

USDJPY - bearish impulse

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
m_maia14 Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Moving Averages Trend Analysis USDJPY usdjpyshort usdjpyanalysis yen yenlong dollar dollarshort impulse downtrend
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supportandresistance movingaverage trendanalysis usdjpy usdjpyshort usdjpyanalysis yen yenlong dollar dollarshort impulse downtrend
Hello everybody! We are currently in a downtrend on USDJPY on a daily and weekly timeframe, and we could expect another aggressive impulse, creating a lower low. The price has just retested the daily support that became resistance, and also the EMA. MACD lines are below 0 and the moving averages are also showing confluence to this bearish scenario. Moreover, the CS Indicator is indicating USD getting weaker, while JPY strengthening. USDJPY USDJPY
Comment:
SL was activated due to some pips and then TP was reached with a strong impulse, as mentioned in the strategy
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