USD/JPY retests broken trendline, down trend may resume
USD/JPY fell quite heavily last week. Since then, there has been a moderate pullback.
Currently, price has retested the broken trend line. If USDJPY, doesn't manage to break above
the broken trend line convincingly, then there is a chance for a drop back to 109 level.
I would recommend selling USDJPY@110.50-110.70 with SL above 111 and TP at 109.20
Currently, price has retested the broken trend line. If USDJPY, doesn't manage to break above
the broken trend line convincingly, then there is a chance for a drop back to 109 level.
I would recommend selling USDJPY@110.50-110.70 with SL above 111 and TP at 109.20