USDJPY- Strong Bearish Momentum

19 apr 2020

Good sell opportunity on this pair as from the weekly and daily showing bearish signals as on the weekly there is a descending triangle since mid December 2016. On the daily, I am waiting for price to reach 61.8% fib level and there could be a potential reversal from the 50 EMA which in total shows three confluences from the weekly and daily timeframes.
Let's see how price will react during the week!