USDJPY - Potential bearish cypher pattern
I see a potential short entry on USDJPY if price moves back up to 115.953. Looks like it has been a prior support/resistance or congestion area recently and would represent a nice deep pullback before a downtrend continuation.
Some bearish divergence has already begun on lower time-frames. Continuing divergence will add to my confidence.
Some bearish divergence has already begun on lower time-frames. Continuing divergence will add to my confidence.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.