FBS - Analytics


553.50 6.50/10
88% of positive reviews

USD/JPY ends the correction

After the breakdown STH4 price fixed above it. There was a slight breakdown level 2/8 (103.13), but this is not enough to talk about further growth. The main argument in favor of the bears is the color STH4 and STD1. A correction of the level 0/8 (100.00) will probably ends at the level of 2/8. The target is level 1/8 (101.56), the breakdown of which at least one third of the width of the levels will decrease again to 0/8.

Trade recommendation:

Sell – 103.00; sl – 103.50; tp – 101.45. 

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