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U.S. Dollar / Japanese Yen
Short

USDJPY - bearish impulse

By m_maia14
Updated
Hello everybody! We are currently in a downtrend on USDJPY on a daily and weekly timeframe, and we could expect another aggressive impulse, creating a lower low. The price has just retested the daily support that became resistance, and also the EMA. MACD lines are below 0 and the moving averages are also showing confluence to this bearish scenario. Moreover, the CS Indicator is indicating USD getting weaker, while JPY strengthening.USDJPYUSDJPY
Note
SL was activated due to some pips and then TP was reached with a strong impulse, as mentioned in the strategy
dollardollarshortdowntrendimpulseMoving AveragesSupport and ResistanceTrend AnalysisUSDJPYusdjpyanalysisusdjpyshortyenyenlong
m_maia14

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