USDJPY Short
Weekly chart (Right)
StochRSI, DirectionalMI and MA points to down trend.
Monthly scale support broken
Daily chart (Left)
Price broke through 50% retracement. Testing support second time at the 1st Warning Line.
Slight divergence in StochRSI signals possible rebound to 50% retracement before price moves down again to 0.236 region.
Possible entry price @ 120.910
Possible exit price @ 119.407
StochRSI, DirectionalMI and MA points to down trend.
Monthly scale support broken
Daily chart (Left)
Price broke through 50% retracement. Testing support second time at the 1st Warning Line.
Slight divergence in StochRSI signals possible rebound to 50% retracement before price moves down again to 0.236 region.
Possible entry price @ 120.910
Possible exit price @ 119.407
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