The USD/JPY price dropped by 220 pips this week, to test the demand level at 109.00. Price bounced upwards after testing that demand level, but it would come back to test it again, dropping below it and targeting another demand level at 108.50. That means the current upwards bounce is a good opportunity to sell short at a better price.
The material has been provided by InstaForex Company – www.instaforex.com
USD/JPY
The USD/JPY price dropped by 220 pips this week, to test the demand level at 109.00. Price bounced upwards after testing that demand level, but it would come back to test it again, dropping below it and targeting another demand level at 108.50. That means the current upwards bounce is a good opportunity to sell short at a better price.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: