Target: 111.40
Risk: 112.85
Technical reasons:
The USDJPY pair broke the ascending channel’s support line after witnessing three descending tops, targeting 111.40 level next.
The price consolidation below 112.85 keeps the expected bearish trend, while surpassing it will push the price to the ascending channel again.
Risk: 112.85
Technical reasons:
The USDJPY pair broke the ascending channel’s support line after witnessing three descending tops, targeting 111.40 level next.
The price consolidation below 112.85 keeps the expected bearish trend, while surpassing it will push the price to the ascending channel again.