bearish trend seems to be taking place on the USDJPY pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bearish trend, now current price at 111.20 and strong resistent at level 111.40 in hourly time frame. there is possible chance price will move to up side. then next low price is 110.70
1 Supporting level : 111.18
2 Supporting level : 111.07
3 Supporting level :110.95
1 Resistance level : 111.43
2 Resistance level : 111.55
3 Resistance level : 111.67
I suggest to entry SELL with stoploss at 111.55 and take profit at 110.70
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
I hope you can earn consistent profit from my signal, good luck and doing trade like a boss


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