This idea is for educational purposes only
USD/JPY 0.23% is in a bear market; the pair experienced retracement and rejection around the 38.2% fib level. Expect price to continue toward 109.000 area. The 50 MA (red) is also trending downward. Expectation is that price will pull back to the 8 EMA (black)
Trade fermée: cible de profit atteinte:
Target Profit Reached!
We see price is bouncing off of a trendline; the market is still bearish. We could see a bounce and retracement before price continues it's bearish path.