Technical analysis:
USD/JPY has been trading downside after the breakout of the rising channel in the background. I see potential for the further downside continuation.
Due to the breakout of the rising channel in the background and strong downside momentum, I see potential for the further drop.
Downside objective is set at the price of 135.00
MACD oscillator is showing downside reading, which is another sign for the downside continuation.
Resistance is set at the price of 136.70
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/JPY
has been trading
downside
after the breakout of the rising channel in the background. I see
potential for the further downside continuation.
Due
to the breakout of the rising channel in the background and strong
downside momentum, I see potential for the further drop.
Downside
objective is set at the price of 135.00
MACD
oscillator is showing downside
reading, which is another sign for the downside continuation.
Resistance
is set at the price of 136.70
The material has been provided by InstaForex Company – www.instaforex.com
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