Analytics USDJPY based on round levels, price channels and altered wave analysis.

22.11.2019 Forecast USDJPY trading ideas

A currency pair trading USDJPY range upper limit downward price channel. Formed a rising level H1 truncated construct that resulted in breaks of the inclined channel. restrains the resistance level 108.70 USDJPY buyers and Stochastic Oscillator indicator shows overbought.

USDJPY trading idea:

Traders selling USDJPY pair on the formation of the descending structure.

Stop Loss the resistance level of 108.70.

Target levels - 108.27; 107.92
 

Analytics Grand Capital

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