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Usdjpyidea

USDJPY ForecastThe market has given us new higher highs as anticipated, it’s breaking records. Now when we take a closer look we see that bears are looking to take over, the market provided us with a higher high, then a higher low and made another higher peak to break the previous one and made a retracement to our liquidity zone, now we have our fractal high as the 3-bar pattern with a beautiful shooting star. USDJPY now portrays 3 strong indications that influences the market to go bearish... we expect it to drop to our previous resistance which is now our potential support at price 116.000... we just have to see how our candlestick will close for confirmation...
by tokelohomi
USDJPY Daily Short! Overview: USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD. USDJPY is approaching clusters of Resistance and, technically, potential reversal is expected as sellers attempt control starting 118.226 price-range down to 114.201 for target. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked