USDJPY - Stepping Down

Price is clearly stepping down, it baffles me that people are still trying to fight the trend with a whopping 71% net buyers on this pair according to the IG client sentiment data. The trend is your friend, bears are in until we see a structure shift occur and we see some of these structure levels marked getting broken and begin acting as support.
downtrendTechnical IndicatorssentimentTechnical AnalysisTrend AnalysisUSDJPYWave Analysis

Also on:

Related publications

Disclaimer