jdemunter

Usd/Jpy : Bounce and drop

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Since the top price has declined in a corrective way. A first wave of this corrective wave is now finished. Look for price to retest the former support now resistance zone around 115.50 - 117.50. After this retest, look for price to continue the trend down.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.