USDJPY in breakout mode. Bearish below 105.40 (UPDATED).
Updating my chart to add more info on why I am bearish.
Current price levels also coincide with the measured objective of the inverted H&S formation from the SEPT. 21 low.
Also, looking at the monthly chart the market has broken and currently below a key rising trendline. We just need to clear 105.40 which I think is key to this bearish scenario in the short and/or long term.
Current price levels also coincide with the measured objective of the inverted H&S formation from the SEPT. 21 low.
Also, looking at the monthly chart the market has broken and currently below a key rising trendline. We just need to clear 105.40 which I think is key to this bearish scenario in the short and/or long term.
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