trader734567

bearish breakout in usdjpy

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
RECAP:

on December 21st, 2021. I observed this pair breaking out bullish. But the trend wasn't confirmed for another 73 days. In the following 64 days, the pair saw a gain of 14%. My indicator is currently indicating a top that was made on July 28, 2022. (137.8).

Four-hour trend:

A temporary relief rally to liquidate shorts may occur. My objectives are;

Target 1 is 136.

Target 2: 138.127

if the support area at 134 is broken, the bears will be in charge. My goals are;

 target 3 - 130.7

target 4 - 127.651

Trend evaluation

Daily, 2 Hour, 15 Minutes: Bearish

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