What we have see on USDJPY, It will be fall to the 112 areaHey friends, and trader
We forecast downside movement for the USDJPY for several reasons
1. USD is overbought and over-priced in 2 months ago
2. JPY is oversold and this is a good and cheap price for this safe-haven currency
3. Smart buyers are buying in these prrices.
4. As you see in the picture, The non-commercial traders usually are buyers in these prices cause the JPY is being valuable in these prices.
5. Buy trend line is broken in the H4 time frame
so if you are a swing trader or long-term trader it's a good opportunity for you.
Good Lock, Wish you money
With respect
Ali Sabbaghi
ziwox.com
