USD/JPY recovered some ground and currently is trading around 112.20, but keeping levels below the short-term ascendant channel formed by 111.62 and the trend line that marks base figures around 112.40. On the four hour time frame the price is developing below its 100-day and 200-day SMAs, while technical indicators have settled within negative areas and confirming that the risk towards downsides is still actual. Breaking the 111.60 level would be good reason for further declines with next bearish target at 110.37.
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Humans are naturally hardwired to avoid and detest uncertainty.
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Humans are naturally hardwired to avoid and detest uncertainty.
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Learn, a forex trader must, unlearn and relearn he will.
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Humans are naturally hardwired to avoid and detest uncertainty.
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- Edited 1:35am Oct 24, 2018 12:38am | Edited 1:35am
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Scar
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Look Sharp/Trade Tight
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Learn, a forex trader must, unlearn and relearn he will.
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Humans are naturally hardwired to avoid and detest uncertainty.
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