Technical analysis:
USD/JPY has been trading downside yesterday and I found the reversal down day at the key resistance at the price of 141.00.
Due to the extended run condition and reversal day from yesterday, I see potential for the downside movement towards downside reference.
Downside objective is set at the price of 138.00
MACD oscillator is showing decreasing in the upside momentum, which is good sign for the further downside movement.
Resistance is set at the price of 141.00
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/JPY
has been trading downside
yesterday and I found the reversal down day at the key resistance at
the price of 141.00.
Due
to the extended run condition and reversal day from yesterday, I see
potential for the downside movement towards downside reference.
Downside
objective
is
set at the price of 138.00
MACD
oscillator is showing decreasing in the upside momentum, which is
good sign for the further downside movement.
Resistance
is set at the price of 141.00
The material has been provided by InstaForex Company – www.instaforex.com
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