USDJPY – Down
The pair on the daily chart above is on a downward trend. After a breach below the support zone 111.21-111.02,price retraced to it before moving down to a support 107.80,it broke below it then retraced to it severally before breaking above it.Price then rallied up to the zone 111.21-111.02 it could not penetrate above it and was rejected then went down.Recenlty,it corrected to the zone again but was rejected and is currently rallying down towards 107.80.I expect a pull back to the zone and a rejection within it for bearish momentum of price towards 107.80.I’m waiting for a correction to 111.21-111.02 to short USD/JPY.
Wait for a correction 111.21-111.02 to short USD/JPY.
101% Double the volume
All bonus participates in drawdown!
You may check other analytical reviews on FreshForex website. Source: freshforex.com.