piponomics
Short

Daily Market Report - USD/JPY - 10th Feb 2016

FX:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY


Japanese Yen             sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern

Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60

As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60

Mid-Run: market showing strong bearish signals after breaking below uptrend channel which may lead the mid-run toward farther drop toward 106.60


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This trade has been beautiful! Thanks
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piponomics HumphreyNR
My pleasure, congrats on your pips!
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