0103 WKP2 USDJPY sell from strong bear signal on weekly chart

2020-03-01 15:41:06

Last week, we want to see USDJPY to test 113 soon.
https://www.tradingview.com/chart/USDJPY/MLZsdUc9-2502-USDJPY-a-new-chance-to-challenge-113-later-again/
But the idea is not valid anymore based on what happend on last Friday.
A strong bearish engulfing pattern on the weekly downtrend channel changed everything.

Now this weekly chart gives us the idea that the main trend has not finished yet.
The refelection point on the channel is going to send USDJPY down to next support level on 5th grand super wave.
105 will be the 1st choice.
100.5-102 after in weeks.

Good luck on finding out your entry signal.
LESS IS MORE!