USDJPY D1 ANALYSIS - GIGANTIC BEARISH PINBAR

Hey traders,

As you can see today, USDJPY closed with a big bearish pinbar.

Price has reacted to this level 4 times in recent times, with price rejecting this level every time.

Technical analysis wise this looks like a potential double top chart formation.

On the MACD we also have bearish cross about to occur.

Simple price action, technical analysis and S/R leads to simple profits.


Daily trade analysis and ideas:

Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
Tiktok: @forexshinobi

ForexShinobi

Trade attivo

Commento:

USDJPY dropped hard today. Trade firmly in profit right now. Let's get it