USDJPY- Still in the bearish mood

Creative :D

this is in contraction with newer uj analysis?

@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?

@CitRoN_RouGe, thanks for the reply, USD seems to be pretty strong this week isn't it?

Charts are more profitable and easy to understand..great

Lovely and profitable chart :)
Good luck

Do you use a lot of fibonacci in your analysis CitRoN_RouGe?

thanks for the analysis!

Thanks! Good work as always!

thanks for the analysis!