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forextidings

USD/JPY May Continue Decline

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
forextidings  
FX:USDJPY   U.S. Dollar / Japanese Yen
Fibonacci Support and Resistance Elliott Wave USDJPY usdjpyshort usdjpyanalysis usdjpytrend freeforexsignals freeforextips freecurrencytips
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fibonacci supportandresistance elliottwaves usdjpy usdjpyshort usdjpyanalysis usdjpytrend freeforexsignals freeforextips freecurrencytips
USD/JPY has made a high of 111.66 and took a U-turn. Its impulsive wave breaks at support trendline breakout. It can keep falling from the dynamic resistance trendline (DRT). We may see 109.54 - 109.15 - 107.48 soon.

Don't sell after a breakout of DRT or 110.7 level. And do not forget to watch significant releases or events mentioned on the above chart that may affect the movement of USD/JPY.

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