During the last trading day, USDJPY opened at 112.80 went as high as 113.43 and low as 112.60 but ended up closing at 112.64, just a few pips below its opening price. The Friday's candle is a perfect bearish pin bar candle and signals a possible increase of sellers into this marker. That said, as long as the price remains below the previous day's opening price, 112.80, we expect a possible bearish price rally towards 111.03 or even lower. This pair should be traded alongside CADJPY, NZDJPY, AUDJPY and CHFJPY. These pairs have a strong positive correlation and will move in the same direction during this intraday.
Trade Recommendations:
Look for short position around 112.80 with your target at 111.03
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 