USD / JPY. One Hour Chart Indicates Down-Trend
There are several negative forces in play for-USD/JPY.
Most notable is a zero line cross-over to the downside (phase energy),
indicating new selling pressure (lower indicator on top).
The Alligator jaws closed, then opened in a new down trend.
Vortex (middle indicator on top) is negative, red over green.
RSI / Stochastic, top indicator, is oversold, but can remain so for an extended period of time.
Support, based on previous structure, is 99.61, then 98.60.
As always, good luck to you. Don.
Most notable is a zero line cross-over to the downside (phase energy),
indicating new selling pressure (lower indicator on top).
The Alligator jaws closed, then opened in a new down trend.
Vortex (middle indicator on top) is negative, red over green.
RSI / Stochastic, top indicator, is oversold, but can remain so for an extended period of time.
Support, based on previous structure, is 99.61, then 98.60.
As always, good luck to you. Don.