davidleekuanyong

USDJPY potential downtrend?

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY could potentially start a downtrend shall prices able to close below the red trendline.

Potential downtrend targets will be 110.800 or even 109.600. However this downtrend analysis is negated if prices broke above the green trendline.

This because a close above the green trendline will spark an uptrend towards the 114.500 or even 115.600 levels.

So as traders, always plan your trade and trade the triggered plan.