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TotoParasca
Aug 7, 2018 12:19 PM

USDJPY to touch the trend-line and cross/bounce 170 pips 

OANDA:USDJPY15
USD/JPYOANDA

Description

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UJ is touching the trendline and its up to decide if it will cross downwards or bounce back up. According to TA looks like a reversal and maybe after a push through.
Trend AnalysisChart PatternsBeyond Technical AnalysisUSDJPYTechnical Analysisusdjpyanalysisusdjpydailyusdjpyforecastusdjpysignalusdjpyshortusdjpybuy
Comments
BitBotly
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Great analysis, never catch a falling knife, I think your short target is more realistic than the long target. Because of the downward trend :)
TotoParasca
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@BitBotly, This can indeed be a possibility since the higher trend is down, however there is a need to fulfill some highs at some point in the future.
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