Good afternoon
UJ is looking to be on a bearish trend and currently forming. I posted analysis last week pertaining to this pair being a bull run, it started off strong, but the bears seem to be taking control. No worries, all we have to do is adapt and react off the market conditions
Here is a quick scalp opportunity to get into if you are currently scanning...
quick short term sell
bounce off resistance (previous HH)
Break of triangle pattern formed at resistance
price is retesting broken pattern
Target is .618 retracement of the main trend which is bullish since last HL has not been broken yet.
*TRADE AT YOUR OWN DISCRETION*
Author not responsible for any losses incurred
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Above 114 USDJPY is bullish once again !!!
114.87 USDJPY 1st support line - even buying option
114.77 USDJPY 2nd support line - even buying option
114.06 USDJPY 3rd support line - even buying option
I am excepting a exhaling at the beginning of next week - after this cross-rates run away today :)
I excepted an outbreak at weekstart on next trading day -...
