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USD/JPY BEARS ARE STRONG HERE|SHORT

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Dolar A.S. / Yen Jepun (FX:USDJPY)  
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FX:USDJPY   Dolar A.S. / Yen Jepun
Trend Analysis Chart Patterns Wave Analysis USDJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

USD/JPY is trending down which is obvious 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 151.357.

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We are seeing a good move already so we will keep the trade running!
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Penafian

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