So here we have a nice setup of USDJPY, we got a daily trendline who is well respected, we are now at the 0.618% of fibs level of the last downtrend, we are in a supply and demand zone, and the last bottom is lower than the first one so it show us the weakness of this pair. I didn't sell it right now I will wait to have a candelstick confirmation or a sign of life of the bears cause for now XXXJPY are weak and if JPY stay weak, I will cause a breakout of the pair. Like & follow me for more :)
Note
***It will cause a breakout of the trendline***Note
And to add more credibilety, our RSI is OVERBROUGHTNote
SELL at my entry point
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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.