Τετάρτη 11 Μαΐου 2016

Technical Analysis USD/JPY

USDJPY remains in a downtrend on the Daily chart since the beginning of 2016. The most recent oversold bounce is approaching a confluence of resistance @ 110.09/60 (50 DMA/trend resistance/October 2015 and March 2016 horizontal resistance). Look to SELL @ resistance with a reversal candle ideally.

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