Bearish USDJPY @ Key Resistance Short Opportunity Dropping More!
The USDJPY bears have returned! With a confluence of technical indicators, including a lower low (LL) and lower high (LH) on the candlestick chart, a Hanging Man pattern, bearish divergence on the RSI, and a rejection of the 0.382 Fibonacci retracement level, the pair is displaying strong bearish signals at key resistance level of 127.859. With entry at 127.859, stop loss at 127.965, and take profit targets of 127.149 and 126.611 (if 127.149 breaks), this is an ideal setup for short positions . Don't pass up this chance to make money off the possible negative swing. Comment with your ideas and join the conversation! Forex Trading View #USDJPY
Short Entry: 127.859
SL: 127.965
TP1 127.149
TP2 if 127.149 breaks is fib level 1.618 i.e 126.611
Short Entry: 127.859
SL: 127.965
TP1 127.149
TP2 if 127.149 breaks is fib level 1.618 i.e 126.611
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