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USDJPY is making lower lows and lower highs. Trend remains bearish. Price is trading at 109.25 and as we explained in previous posts our first target is at 108.20 where the 38% Fibonacci retracement is found.
Blue lines -Fibonacci retracements
USDJPY has provided us with a bearish signal back in July when the red support trend line was broken. Price is expected to move lower towards the 38% Fibonacci retracement. Our view will remain bearish as long as price is below 110.50.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
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