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USDJPY SHORT 4H
U.S. Dollar / Japanese Yen
Short
USDJPY SHORT 4H
By RandyFuego
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Dec 8, 2022
5
1
1
The price of the dollar has been on a downtrend, showing signs of further downtrend continuation.
We could find a good entry for a short once a breakout of the yellow trend line is confirmed.
A breakout of the channel to the upside would indicate a change of character, invalidating the idea.
TP 1 - 133.633
TP 2 - 131.907
Stop trade at - 138.500
Fibonacci
Trend Analysis
Trend Lines
RandyFuego
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