USDJPY – Down
wave Analysis
During the previous trading day, the US Dollar pulled back upwards but is still within the falling channel formation. As long as the price remains within the falling channel formation, we expect a possible rally to the lowerside. We’re basically waiting for a possible bounce from the upper trendline to look for a long term short position with an ultimate target at 109.390. This view can only be invalidated in case the price break above the upper trendline. If this is the case, then further bullish price rally is expected.
Trade Recommendation
Sell a rebound from the upper trendline
Trade Recommendation
we’re short
101% Double the volume
!Attention!
All bonus participates in drawdown!
You may check other analytical reviews on FreshForex website. Source: freshforex.com.