forexlyfeanalysis

USD/JPY SHORT & BEAR PLAY

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FX_IDC:USDJPY   Dólar Americano/Iene Japonês
USD/JPY has been on in a rising channel making decent HH & HL, with a decent and clean market structure. The market broke out of the trendline with the first impulse push and later started the exhaustion move to the upper resistance area, Market has fully exhausted its bullish push and UJ bear market has come to stay. The bullish daily engulfing at the zone is a clear sell signal and the market is on its way down. I expect the price to get to all the TP areas.
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