piponomics

Daily Market Report - USD/JPY - 10th Feb 2016

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY


Japanese Yen sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern

Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60

As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60

Mid-Run: market showing strong bearish signals after breaking below uptrend channel which may lead the mid-run toward farther drop toward 106.60


www.tradingsignalreviews.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.