Condiciones de negociación
Products
Herramientas
USDJPY last week provided us with a bearish reversal signal as price exited the bullish channel and fell from 131 to 127.50. Price has so far retraced 23.6% of the entire rise from 114.50. Price has so far made a lower high, implying more downside should be expected.
Blue lines- bullish channelBlack lines- Fibonacci retracement
Red line- resistance trend line
Resistance is found at 130.15 at the red resistance trend line. As long as price is below this trend line I expect USDJPY to continue lower towards the 38% Fibonacci retracement where we find our first major target. Trend is in a turnaround phase from bullish to bearish. Traders need to be cautious. Support is at recent low at 127.54. Bears need to break below this level in order to hope for a move towards our first major target at the 38% Fibonacci retracement.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.