CitRoN_RouGe
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USDJPY- Still in the bearish mood

FX:USDJPY   美元 / 日圓
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48
798 14
Unless the descending resistance line is broken and the price stays above 115.0, we are in the bearish area.
A reaction from the resistance line might be a good opportunity to short USDJPY             in the long-term.
Creative :D
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this is in contraction with newer uj analysis?
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CitRoN_RouGe TheDudeForex
@TheDudeForex, Actually the same, the bias is obviously bearish. Descending resistance is critical in my opinion, if price rebounds from the resistance it is a sell opportunity. But if the resistance line is broken, long position is favored technically. In the newer analysis, I noted the bearish view but I still wait for breakout of the resistance line. USD is weak enough, and if it recovers again why not 118 or 125?
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TheDudeForex CitRoN_RouGe
@CitRoN_RouGe, thanks for the reply, USD seems to be pretty strong this week isn't it?
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Charts are more profitable and easy to understand..great
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Lovely and profitable chart :)
Good luck
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Do you use a lot of fibonacci in your analysis CitRoN_RouGe?
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thanks for the analysis!
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Thanks! Good work as always!
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thanks for the analysis!
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