USDJPY – Down
USDJPY is currently in a corrective phase, and the market is forming a descending channel (bullish pattern) at 1.3619, this pattern is more clear in the lower time frame, and already we have two touches both on the lower trendline and the upper trendline. The market may buy from where it is now which is 136.21atleast up to 136.54 then form a double top then drop up to 133.99 or it can just drop 136.21 up to 136.54. Should the market break above the major zone 136.66, we will open buy orders with our profit target at 140.83.
Trade Recommendations:
We’re long
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
