USD/JPY Drops to Bottom of Range

9개월 전

Direct from the desk of Dane Williams,
This is not your average forex broker blog.



USD/JPY Daily:

200306usdjpydaily.png

The bottom has really fallen out of USD/JPY, sending price to the bottom of its range.

With price now sitting at higher time frame support, will the zone hold?

Best of probabilities to you,

Dane.



@forexbrokr | Steemit Blog

Market Analyst and Forex Broker.

Twitter: @forexbrokr

www.forexbrokr.com





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Hi Dane, nice chart. Monthly has somewhat of a bearish look for me with that fake breakout to the upside and the price being in a bearish triangle.

Nevertheless, on smaller timeframes, I think we might have to enter trades on support always with the assumption that the support is going to hold.

EDIT: forgot chart
image.png

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Can't fault your logic.

Enjoy your weekend, mate!

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Cheers, you too! Catch ya later!