USD/JPY analysis for November 06, 2018

Trading 06 nov 2018 Donner votre avis


Recently, the USD/JPY pair has been trading upwards. The price tested the level of 113.44. Anyway, according to the H1 time – frame, I have found the fake breakout of the resistance at 113.37, which is a sign that buyers got trapped. I have also found broken upward trendline, which is a sign that sellers are in control. My advice is to watch for selling opportunities. The downward target is set at the price of 112.60.This bearish idea will be invalid if the price breaks the level of 113.45.

The material has been provided by InstaForex Company -

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