Jpyusdforexsignal
JPYCAD - .236 Touch.236 has been hit on this daily timeframe
Similar downward patterns have formed on this timeframe
The prior .236 touch hit and resulted in a bullish rebound
Will this touch be the same or different? Price could either result in a rebound or trend bearishly down the second diagonal red line
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007332
TP: 0.007126
SL: 0.007514
Bias: Short
Though the price pattern is showing a low volatile ranging condition, there is a possibility of entering a short opportunity. Our decision is purely guided by historical price action study. So any major fundamental factor can have a massive influence to break out of this zone.
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007434
TP: 0.007192
SL: 0.007643
Bias: Short
The way is clear that the price level will go down further creating a better selling opportunity. It is difficult at this situation to keep pace with dollar and therefore the major bias will be bearish and which will have some promise to create some short opportunities.