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EliteTradingSignals

USD/JPY BEARS WILL DOMINATE THE MARKET|SHORT

Short
US-Dollar / Japanischer Yen (FX:USDJPY)  
EliteTradingSignals  
FX:USDJPY   US-Dollar / Japanischer Yen
Trend Analysis Chart Patterns Wave Analysis USDJPY short selltrading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis usdjpy short selltrading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

USD/JPY pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 132.055 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.

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