FX:USDJPY   U.S. Dollar / Japanese Yen
68 views
3
68 0
With the yen continuing to strengthen and the Dollar continues to show a sign of weakness this trade has the potential to play out fairly quickly.

The technical are also aligning with the fundamentals aspects. you can clearly see on the chart withe the descending trend line which is acting as a form of resistance. we had a minor fake out of the trend line but price could not hold in that area for long. we then saw a very bearish candle pushing price back below he trend line .

i can see price coming down to 106.500 as an extended target.

Related Ideas

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