USDJPY July'17 Teachnical analysis - Bearish
USDJPY July'17 - technical analysis - Forex
By. Dian Kemala
After failed to break up resistance level at 114.50, USDJPY perform downtrend, break channel up, and hit lower low at 112.23. This pair also break head and shoulders neckline at 112.95.
The best setup for USDJPY are wait for re-test at neckline to enter short position, with profit target equal range from head to neckline at 111.27. Stoploss above right shoulder at 113.52
With this setup, we aim for 173 pips for this week with 3 R/r ratio.
By. Dian Kemala
After failed to break up resistance level at 114.50, USDJPY perform downtrend, break channel up, and hit lower low at 112.23. This pair also break head and shoulders neckline at 112.95.
The best setup for USDJPY are wait for re-test at neckline to enter short position, with profit target equal range from head to neckline at 111.27. Stoploss above right shoulder at 113.52
With this setup, we aim for 173 pips for this week with 3 R/r ratio.
nicely done