When USDJPY is printing lower lows and lower highs, it suggests that the currency pair is in a downtrend. A lower low refers to a price level that is lower than the previous low, while a lower high refers to a price level that is lower than the previous high. The pattern indicates that the bears are in control of the market, and sellers are exerting more pressure on buyers.
From a technical analysis perspective, traders may interpret this as a signal to sell or short USDJPY. This is because the lower lows and lower highs suggest that the downtrend is likely to continue, and it may be challenging for the bulls to regain control of the market.
From a technical analysis perspective, traders may interpret this as a signal to sell or short USDJPY. This is because the lower lows and lower highs suggest that the downtrend is likely to continue, and it may be challenging for the bulls to regain control of the market.
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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.