USDJPY Expect the down move to start

13 Ağu 2021

Hi traders:

Liking USDJPY's current price action for the potential sell.

We can see after an impulse breakdown from the ascending channel, price begin to consolidate.

There are a few swing highs and lows, and price isnt getting moving away from its current structure.

However the latest price development, as price formed a clear recent double tops, and a bearish reversal price action on the lower time frames could give us the confirmation we need to look for sell.

be on the look out for further LTF bearish continuation price action to push the price once again down to the recent lows.

thank you

13 Ağu 2021

Not

Expect a bearish continuation correction
to develop here next week
to push down the price further

17 Ağu 2021

Not

Out for +3.5% profit. Will see if a deeper correction will form to get back in.