USDJPY: Overbought Market & Pullback 🇺🇸🇯🇵

Mis Ă  jour
snapshot

Hey traders,

After a sharp bullish rally, USDJPY reached a major rising trend line on 3 days time frame.
I will expect a bearish move from that.

The first goal will be a rising trend line that serves as a local support on 4H,
in case of its bearish breakout the second goal will be 115.0 level.


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Note
Check my new analysis on SILVER:
SILVER (XAGUSD): Breakout & Bearish Continuation 🪙
dollarElliott WaveForexjapaneseyenMultiple Time Frame AnalysisTrend LinesUSDUSDJPYDJ FXCM Indexyen

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