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mattmach

UsdJpy

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
mattmach  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Trend Lines Chart Patterns USDJPY short Forex Divergence
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supportandresistance trendline chartpattern usdjpy short forex divergence
A potential short trade Idea on UsdJpy.
-Daily sell off and retest back up to 110.000 area.
-Trend line break on 4 hour with some bearish divergence on RSI.
-Break and retest of the trend line should line up with Fibonacci key levels.
-If this happens price I could see price head back to 108.000 handle as first target.
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