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Proszi
Jul 24, 2019 4:33 PM

[USDJPY] SHORT Short

U.S. Dollar/Japanese YenFXCM

Description

I could only see two outcomes of this situation. The first where we would break through the 108.300 resistance and carry on with the bull-run (which as seen has been rejected) and the second scenario where the market breaks down through the ascending trend line support. This brings me to my conclusion that the market wants to keep making its way down to 107.600 support area. Anything is still possible though so trade at your own risk.
Comments
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