USD/JPY BEARS WILL DOMINATE THE MARKET|SHORT

Short

Dollar Américain / Yen japonais (FX:USDJPY)

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FX:USDJPY Dollar Américain / Yen japonais

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Hello,Friends!

USD/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 146.917.

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Commentaire:

I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!

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