Hello Traders,
Unfortunately, we had no retest which was mentioned in our previous USDJPY analysis. Price broke below the next Major support level and now is staring to slow down.
If the broken support now acts as resistance, we might see a continuation of the downtrend.
Otherwise, we might also test the 0.618 fib retracement, before reversing.
I wish you all a lot of success in the New Year 2019.
Unfortunately, we had no retest which was mentioned in our previous USDJPY analysis. Price broke below the next Major support level and now is staring to slow down.
If the broken support now acts as resistance, we might see a continuation of the downtrend.
Otherwise, we might also test the 0.618 fib retracement, before reversing.
I wish you all a lot of success in the New Year 2019.
