davidleekuanyong

USDJPY potential downtrend?

FX:USDJPY   U.S. Dollar / Japanese Yen
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USDJPY could potentially start a downtrend shall prices able to close below the red trendline .

Potential downtrend targets will be 110.800 or even 109.600. However this downtrend analysis is negated if prices broke above the green trendline .

This because a close above the green trendline will spark an uptrend towards the 114.500 or even 115.600 levels.

So as traders, always plan your trade and trade the triggered plan.

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