USDJPY - Friday's Long Bearish Candle Weighs As The Pair Returned Into Daily Cloud

Discussion in 'Technical Analysis' started by Kaitlin, Oct 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Near-term structure softened after strong rally of past two weeks stalled on approach to key barriers at 104.30/43. Last Friday’s strong pullback returned into daily cloud and left long red daily candle, the first bearish candle after eight bullish days in a row.[​IMG]

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