SHORT USDJPY
1hr downtrend coming off a short lived uptrend last week, stopping about halfway through the current range we are in on the daily timeframe. Lots of nasty wicks on H4 and the daily. Descending triangle on the 15min confirms to me that this downtrend is continuing. TP1 is the most recent low with TP2 below the daily chart range, watch for possible reversal at TP1.
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.
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.