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USDJPY: Pin bar on daily chart | March 13, 2017



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Usdjpy has rejected from resistance and formed bearish pin bar on the daily chart. So we can expect some bearish movement on this pair. Now, this pair can stay on sell mode below the resistance level at 115.50. On shorter time frame, if we can find a bearish candle, then we can go for sell entry.
On h1, this pair is facing support at 200 and 100 ema. So for this support, we may see some bullish movement, then overall this pair should be in sell mode. So sell is better below the resistance level.

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