Chart of the Day USDJPY

USDJPY is retesting the broken downside resistance 

USDJPY is testing the broken downside resistance 105.800-106 zone. A rejection from here will lead to a downside extension into 104 level. Only a daily close above 106.800 could invalidate a downside extension and that is where the stops for the short trades should be. ARMAT trading system is pointing to short 

Note: look for the short trade opportunities with the stop loss above  106.600.

 

 

 

10 days trial

Try our services for 10 days

Telegram channel https://t.me/Trendtadingdna

Sponsored by our recommended brokers. Trade CADJPY with KeyTo Markets

Try our Managed accountChart