USDJPY – Down
USDJPY is very bullish. The market is currently in a corrective phase (ABC corrective pattern). As we can see on the chart above, the market formed an expanding wedge pattern, a bullish pattern at,136.52. I expect the market to drop up to the major zone/support zone at 135.64. From this support zone, I expect the market to buy at least up to 139.50. You can place Buy limit orders at 135.64 so that when the price reaches this zone, the orders are activated automatically. Should the market break below the support zone 135.64, the setup will be invalidated.
Trade Recommendatios:
Buy USDJPY
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
