USDJPY - Rejecting resistance and heading down?
2019-12-18 11:37:40
PAIR IN FOCUS: USDJPY
ACTION: SHORT
HORIZON: SHORT-TERM
After a dip from 109.750 range, price has once again retraced and retested this price range. If price does not break through it, we can look for short opportunities. The bearish H4 price action suggests that there may be a further price correction / bearish momentum. Look for further bearish price action if you want more confirmation.
The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!
Feel free to discuss and comment, Cheers!
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