USD/JPY Short Scalp

Updated
-USD/JPY has been pulling back for the past 12H, it is currently trading below a Trading Range and could evolve into a bear flag. Bulls do not show significant buying. USDJPY

snapshot
There is an extending triangle and an inside triangle forming, and could be sign of bears stepping in.
Target is 155.00, might not get it today but trade may evolve over next week depending on volatility.
snapshot
Careful short, evolving
Trade active
Sideways trading likely till end of day
Trend AnalysisTriangleUSDJPYusdjpyanalysisusdjpyshortWedge

Related publications

Disclaimer