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AEFX786

USDJPY Short (Sell) Trade Setup Idea

Short
Dollaro / Yen giapponese (FX:USDJPY)  
AEFX786 Aggiornato   
FX:USDJPY   Dollaro / Yen giapponese
Trend Analysis Support and Resistance Supply and Demand USDJPY usdjpyshort usdjpysell usdjpyanalysis usdjpyforecast usdjpy4h usdjpyswing usdjpytrade
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trendanalysis supportandresistance supplyanddemand usdjpy usdjpyshort usdjpysell usdjpyanalysis usdjpyforecast usdjpy4h usdjpyswing usdjpytrade
USDJPY has been making steady gains but has now come into a strong resistance level and formed a bearish engulfing candlestick pattern on multiple timeframes including the 4-hour. We have here an opportunity to short this pair back down as it retests the resistance level as new support.

Whilst the weekly and monthly timeframes are still bearish, this setup is against the 1-hour, 4-hour and daily timeframes.
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