FX:USDJPY   U.S. Dollar / Japanese Yen
I have been watching this pear for a while now, and have noticed a downtrend on the 1M time frame.
The markets keeps hitting the trend line and reversing showing a strong resistance on this trend.

On the 1D time frame the same is happened a downwards trend line has occurred and the price keeps reversing at this resistance.

4H time frame the another lower high has been formed on the trend line and reversed. I entered the trade late as i was asleep but work up to my theory being correct. The price should now move down to the 61.80% Fib line.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out