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ForexChicken

USD/JPY: Sell Set-up

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
ForexChicken Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY
3
0
trendanalysis chartpattern indicator usdjpy
Pair is still in a bearish trend.
We can see that a recent candlestick rejection just happened on the 1hr TF, indicating a strong selling pressure.
Waiting for 2nd candlestick to close as a bear candle to confirm trade.
Target last low/support area.
Comment:
Follow up candle is not bearish, not convincing enough. need to close below 138.70
Trade closed: target reached
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