Kereskedési feltételek
Products
Eszkozok
USDJPY is moving sideways. Price cannot break above the key short-term resistance at 108. Price continues to trade right below this horizontal resistance and as long as price is below it, we prefer to be bearish looking for a pull back towards 105.50. Only a break above this resistance will change our mind.
Black lines -wedge patternGreen rectangle - resistance
USDJPY has 108 as resistance. Things are very clear. Below it we are bearish. Above we are bullish expecting to reach 109 first and 111.70 later. But for now we prefer to be bearish as price is below the horizontal resistance. Support is at 107. Breaking below this level will open the way for a move towards 105.50.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.