USD/JPY Trade Idea

Hello and welcome to my Trade Idea of the currency pair USD/JPY.

Let's start with the Top Down Analysis.


Monthly: We see on the monthly timeframe a very strong bearish trendline. Because of that my view is bearish.

Weekly: Here we recognize lower highs.

Daily: The daily timeframe shows a nice trendline. Also we see a bearish engulfing candlestick formation at a strong level.


Have a nice day.