Short Movement coming on USD/JPY by ThinkingAntsOk

2019-12-30 21:47:04

4H CHART EXPLANATION:

Price has been on a bullish trend for a few months. Right now is facing a confluence zone between the Daily Descending Trendline and the Resistance Zone, so, we consider that it could be a bearish movement here. Also, the Ascending Trendline has been broken, and if price consolidates below, it is a strong signal for the downside move.

DAILY CHART ANALISIS:

https://www.tradingview.com/x/YTLHjiFZ/