USDJPY-Weekly Market Analysis-Jan20,Wk1

4 בינו׳ 2020

A straight dive after the candlewick touches the resistance line and break and close below the recent support show weakness in the appreciation of USDJPY.

As it is needed the break and close below the most recent low once more, to confirm the intent of the market movement, it is now a slightly weaker bear, yes, bear market you hear me right.

If the bearish move break and close below the right shoulders of the head and shoulders, the opportunity to long due to this setup is officially over.