Ransquawk

USDJPY – moves in a bullish trend since first days of March. At the beginning of this month, the pair established a maximum at 114.55 and since then it has gone south. Currently, the price has approached the upward trend line set by the minima from 21/08 and 15/10. There is a high probability that the quotations will overcome the mentioned trend line and the declines will be continued.

USDJPY H4 – the pair is on the trend line

On the H1 chart, we can determine the first target of supply at 111.70. Another support zone that the pair can reach is 111.25. The chart shows the possible course of decreases.

USDJPY H1 – possible declines

Vist our new Facebook group, ask for join and we will accept you.

Leave us a comment!

Ransquawk