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Mihai_Iacob

UsdJpy- A new drop to 104.50?

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Mihai_Iacob  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast usdjpyidea usdjpysignal
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trendanalysis chartpattern indicator usdjpy usdjpyshort usdjpyanalysis usdjpysell usdjpyforecast usdjpyidea usdjpysignal
After breaking above 105.80 short-term resistance, UsdJpy stopped its ascent in 106.10 strong resistance and finished the week under 106.00 zone putting in a nice "evening star" candles formation on our daily chart.
I believe that we are in for a drop for this pair and a swing trade target can be 104.50
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