USDJPY quick view

USDJPY quick view

I see the exhausting of uptrend on #USDJPY market and here is why:

1> the decreasing of the bullish progress
2> #EVRT. The tiny range on up-bar with volume above average. This is a hidden supply.
3> #ND – No demand
4> SLKT (Trap for bulls) Note price did not reach top line of the up-trend channel.

Some support should arrive from center line. But nevertheless, In described conditions, I expect the breaking down the center channel with reaching the bottom line.

 

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