#USDJPY: Bears Have Steam- Downside Likely Out Of Range!
Traders,
USDJPY showing weakness at previous resistance level. Price currently in a rounded top at a long term Fibonacci retracement level off of the bearish impulse seen previously. Price is likely to break the base of the rounded top after a dark cloud within the signal ignited the demand from bulls to bears. Move down could potentially be very strong.
I hope you have your own tested trading strategy to trade this move when it starts.
Best regards,
Tom Killick
USDJPY showing weakness at previous resistance level. Price currently in a rounded top at a long term Fibonacci retracement level off of the bearish impulse seen previously. Price is likely to break the base of the rounded top after a dark cloud within the signal ignited the demand from bulls to bears. Move down could potentially be very strong.
I hope you have your own tested trading strategy to trade this move when it starts.
Best regards,
Tom Killick
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