usdjpy is throwing bearish reversal signals
The dollar has been very strong versus the Yen lately. Price has reached yet another high and i believe its like to retrace bearish. The sellers have stepped in a provided some indecision and buy exhaustion. The blue 8 exponential moving average crossed to the dowside below the 21 simple moving average and price began a minor downtrend. This usually occurs before a breakout and upon a retest of that bearish candle that initiated the downward movement.
I'm awaiting a re-test of $13.868- $144.155 so signal if price would like to continue bullish intraday or retrace bearish and sell for lower lows now.
I'm awaiting a re-test of $13.868- $144.155 so signal if price would like to continue bullish intraday or retrace bearish and sell for lower lows now.
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