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Mihai_Iacob

UsdJpy- Drop to channel's base?

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Mihai_Iacob  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast usdjpyidea usdjpysignal usdjpysetup usdjpyshortsetup
37
13
trendanalysis chartpattern indicator usdjpy usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast usdjpyidea usdjpysignal usdjpysetup usdjpyshortsetup
Yesterday UsdJpy has reversed from the channel's resistance
With the stock market ready to fall again I expect the pair to drop to channel's base in the next weeks.
The bearish scenario is valid as long as UsdJpy is trading under 112 zone
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