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USD/JPY SHORT FROM RESISTANCE

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USA-dollar/Japansk yen (FX:USDJPY)  
EliteTradingSignals Uppdaterad   
FX:USDJPY   USA-dollar/Japansk yen
Trend Analysis Chart Patterns Wave Analysis USDJPY short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis usdjpy short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

USD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 144.303 area.

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We are seeing a good move already so we will keep the trade running!
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