Target: 111.40
Risk: 112.85
Technical reasons:
The USDJPY pair broke the ascending channel’s support line after witnessing three descending tops, targeting 111.40 level next.
The price consolidation below 112.85 keeps the expected bearish trend, while surpassing it will push the price to the ascending channel again.
Risk: 112.85
Technical reasons:
The USDJPY pair broke the ascending channel’s support line after witnessing three descending tops, targeting 111.40 level next.
The price consolidation below 112.85 keeps the expected bearish trend, while surpassing it will push the price to the ascending channel again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.