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T3-Consultancy

15 June: USDJPY bearish play seen

Short
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
T3-Consultancy Updated   
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY usdjpylong usdjpyshort
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trendanalysis harmonicpatterns chartpattern usdjpy usdjpylong usdjpyshort
hi everyone! USDJPY is near its resistance zone, in line with the 78.6% retracement where we could see a reversal here. Stop loss is placed slightly above the recent high with the first take profit target at the recent low, in line with the ascending trend line. Following the break below the first take profit target, we could see a further downside to our lower take profit targets. Let's see how prices play out here!
Trade closed: stop reached
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