SHORT on 30 Mins
USDJPY is suppressed by the down-trend line and the resistance at 110.60. The sharp decline should confirm that the second head and it'll test the support at 110.25, the 61.8% retracement of 111.23 to 109.60. Further decline should be seen to 109.95. Upside, though, break of 110.60 will turn focus back to 110.85 and 111.05 resisitance instead.
The target is 109.95.
Turning point: 110.60.
Under 110.60, bearish , target price is set at 110.25, then 109.95.
Above 110.60, bullish , target price is 110.85, then 111.05.
RSI technical indicators are bearish and predict it's temperately correcting coz of over sold.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior Strategy:
The target is 109.95.
Turning point: 110.60.
Under 110.60, bearish , target price is set at 110.25, then 109.95.
Above 110.60, bullish , target price is 110.85, then 111.05.
RSI technical indicators are bearish and predict it's temperately correcting coz of over sold.
If you like the strategy, please click "AGREE" and follow me. Your trust is my biggest motivation.
Prior Strategy:
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