Feedback Form
3 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

USD/JPY Tapping at the 79.40 Resistance Pivot

posted by Avatar FXTimes 365 days ago in USD, JPY, Technical

USD/JPY still has downside risk but is in a correction attempt. The 1H chart shows a market that has completed a 5-wave decline from 80.53 to 78.96. This does not always lead to a corrective rally, but if there is a correction, we can say it is a correction of the 80.53 to 78.96 swing. For a correction, 79.40- is the first barrier. It was support..
Log in to comment or register here.