Technical analysis:
USD/JPY has been trading downside and the second downside leg is in creation. Potential for the further downside movement.
Due to the downside movement and the breakout of the tight range in the background, I see potential for the further drop towards lower references.
Downside objectives are set at the price of 133.00 and 131.35
MACD oscillator is showing downside reading, which is another good sign for the further downside movement.
Key resistance is set at the price of 135.50
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/JPY
has been trading downside
and the second downside leg is in creation. Potential for the further
downside movement.
Due
to the downside movement and the breakout of the tight range in the background, I see potential for the further drop towards lower
references.
Downside
objectives are set at the price of 133.00 and 131.35
MACD
oscillator
is showing downside
reading,
which is another good sign for the further downside
movement.
Key
resistance
is set at the price of 135.50
The material has been provided by InstaForex Company – www.instaforex.com
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