Dólar Americano/Iene Japonês
Short

USDJPY Bearish momentum extension if MA50 (1d) breaks

261
The USDJPY pair is on a bearish trend after failing to break Resistance (1).
There is a Rising Support since the January 16th Low and if broken can lead to a Rectangle creation.

Trading Plan:
1. Sell if the price closes a (1d) candle under the MA50 (1d).
2. Sell again if it closes a (1d) candle under the Rising Support.

Targets:
1. 132.000 (the Rising Support).
2. 130.000 (Rectangle bottom).

Tips:
1. RSI (1d) being under its MA line is an early bearish signal before the MA50 (1d) validates it.

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Notes:
Past trading plan:

USDJPY January's Support is being tested

Aviso legal

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