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U.S. Dollar / Japanese Yen
Short

Key Support Shelf Broken on USDJPY

By cheminacci
Updated
With a major structure level at 115.561 being broken USDJPY appears to be very bearish in the upcoming weeks and months. With the implementation of negative interest rates, and break in support USDJPY is likely to revisit the 110.00, 105.00 and potentially 100.00 levels.
Trade active
Target 1 hit
Comment
Looks like this pair is still headed on its way down
Trade active
Target 2 hit.
Comment
After a retrace, market looks like it's preparing for another bearish move
Bearish PatternscheminaccistructureUSDJPYusdjpyshortusdjpyweeklyWeekly Chartsyenyenshort
cheminacci

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