Jpyusdanalysis
JPYUSD Short SignalsTime Frame: Daily
Symbol: JPYUSD
Bias: Short
The congested price pattern of JPYUSD shows its inherent weakness and dependency to US Dollar. There is no hope of strong price move until dollar moves in any direction. However, considering the nearest support and resistance and price pattern, we are in favor of shorting .
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Bias: Short
JPYUSD has a potential to go short . We can explicitly see and realize that without pairing with US dollar,it does not have any other solid way in this context. A good short selling is possible but a reversal swing can inundate the plan . So, proper measure and care should be taken.