USDJPY – Strong Bearish Acceleration Generates Reversal Signal

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2017.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Strong reversal signal was generated on yesterday's rejection of probe above daily Kijun-sen/Tenkan-sen pivots (115.87/116.41 respectively) that boosted today's fresh bearish acceleration. Key support at 115.05 has been taken out and bears extended another hundred pips so far, hitting 114.00 (round-figure support). Double-top at 118.65/59 continues to weigh, providing strong[​IMG]

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