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TipTVFinance
Sep 19, 2016 2:14 PM
USD/JPY – Downtrend intact on weekly chart
OANDA:USDJPY
1W
USD/JPY
OANDA
Description
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Sep 19, 2016 2:14 PM
Weekly chart shows the descending trend line on the price chart and RSI is very much intact.
However, note the repeated rebound from near 99-100 levels and the bullish crossover between MACD lines.
Hence, the odds of the pair breaching the descending trendline are high and a much safer short trade would be below 100.00 levels.
USDJPY
trading
Currencies
Forex
Comments
Rocketman
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Sep 19, 2016 6:20 PM
Yeah.. I also know that the downtrend is still intact, but I have a speculation that we will get a surprise tomorrow...and I see price testing support at your levels:
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