mrleh

USDJPY long term sell setup

FX:USDJPY   Dolar A.S. / Yen Jepun
In USDJPY we are given a bearish scenario, with an M forming after three levels of rise, being the exact opposite of eurusd, gbpusd, and xauusd...it is very likely USDJPY will go the opposite way.

Three passes to the high have been formed, each not being able to pass that high and a candlestick pattern of Railroad tracks are being formed today. Almost certainly, we will be able to catch at least 400 pips off this pair over the next few weeks.

Good luck

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