Get started
U.S. Dollar / Japanese Yen
Short

bearish outlook for the USD/JPY

By LUNGU_FX
with the RSI indicating the usd/jpy being over bought (over 70%) on the 4 hour time frame and price coming to the strong resistance zone of 110.800 - 110.740 we are getting a bearish bias. if market structure holds im having a bearish outlook for this pair. however we need to keep in mind the 14:30 news for the usd, if the news comes out as good for the dollar US I'm expecting a break above the strong resistance zone zone of 110.800 - 110.740USDJPY
    Bearish PatternsChart PatternsFundamental AnalysisTechnical IndicatorsmarketstructureUSDUSDJPY
    LUNGU_FX
    Also on:

    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.