USDJPY Technical Analysis

OANDA:USDJPY   U.S. Dollar / Japanese Yen

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Here on USDJPY The price has got rejected from the Resistance zone with series of red candle. It also has made lower highs which indicates the Bearish trend . It may get a Pullback at 110.8
but then it will go lower to the Support line which is the lower band of the channel. If the price breaks below the Support there is a high chance that it goes lower to 109.10 but we need to see confirmation after the breakout in the lower time frame.

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I have the same confluence its a down trend with 3rd touch of resistance great chart.
+1 Reply
@EZIO-FX, Thanks for your comment.
EZIO-FX Fibonacci-Signals
@Fibonacci-Signals, Your welcome