Chart of the day USDJPY

USDJPY is inclined to more downside 

On the USDJPY daily chart, we can see that the pair is rejected from the 112 level and we are seeing the downside extension into the long-term support 110.500. Now only a daily close above the 112.500 level will lead to invalidation of a downside.
Note: look for the short trade entry with the stop loss above the 112.200 level

USDJPY technical analysis

 

 

 

Telegram channel https://t.me/Trendtadingdna

TRY US FOR 14 DAYS

Sponsored by our recommended broker LMFX (US traders acceptable) Try our Managed accounts

Make the trade

Scroll to Top
×