USD/JPY Drops to Bottom of Range
Direct from the desk of Dane Williams,
This is not your average forex broker blog.
USD/JPY Daily:
The bottom has really fallen out of USD/JPY, sending price to the bottom of its range.
With price now sitting at higher time frame support, will the zone hold?
Best of probabilities to you,
Dane.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
Hi Dane, nice chart. Monthly has somewhat of a bearish look for me with that fake breakout to the upside and the price being in a bearish triangle.
Nevertheless, on smaller timeframes, I think we might have to enter trades on support always with the assumption that the support is going to hold.
EDIT: forgot chart
Can't fault your logic.
Enjoy your weekend, mate!
Cheers, you too! Catch ya later!
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