USDDJPY: A break out
From the chart above we've had a series of the ranging market, then a breakout by buyers which was followed by consolidation within the downward sloping trendline, with obvious indications on weakening buyers pressure. The bearish candlestick is testing the 200EMA, which could signal a possible breakout for going short on the 1hr chart.
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.