USDJPY: Important Breakout & Bearish Continuation

OANDA:USDJPY   U.S. Dollar / Japanese Yen

USDJPY has broken below a support line of a descending triangle formation.
The breakout is considered to be confirmed now and bearish continuation is expected.

Now the goals for sellers are: 103.1 / 102.7

If you don't have an active position on the pair, I recommend you consider the underlined red supply area based on a trend line and horizontal support of a triangle. That zone may give a safe entry.

Please, support this idea with like and comment! Thank you!


Are you also bearish on usdjpy?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About 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 Private Messages Chat Sign Out