Technical analysis:
USD/JPY has been trading downside and I found the breakout of the rising channel, which is good sign for the further downside movement.
Due to the breakout of the rising channel and the strong downside momentum, I see potential for the further drop towards lower rerefences.
Downside objective is set at the price of 138.60
MACD oscillator is showing fresh downside momentum, which is good confirmation for the further drop….
Key resistance is set at the price of 144.85
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/JPY
has been trading downside
and I found the breakout of the rising channel, which is good sign
for the further downside movement.
Due
to the breakout of
the rising channel and the strong downside momentum, I see potential
for the further drop towards lower rerefences.
Downside
objective is set at the price of 138.60
MACD
oscillator is showing fresh downside
momentum, which is good confirmation for the further drop….
Key
resistance is set at the price of 144.85
The material has been provided by InstaForex Company – www.instaforex.com
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