USD/JPY ANALYSIS

By Guario
Hi traders :) I'm Guario and this is a forecast regarding USD/JPY possible future price action. As you can see from the chart, although the pair is in a very strong bearish trend, a correction which carried the price till the down resistance trendline has just occurred. Looking at both MACD and Stochastic divergences it is possible that a trend reversal is coming. Look at the chart for possible entry, stop and target levels. Write me in the comments for any question, thought or critic. Good luck :)
Chart PatternsForexTechnical IndicatorsTrend AnalysisUSDJPYusdjpyanalysisusdjpyshort
Guario

Disclaimer