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USD/JPY STRONG CORRECTION, MEDIUM TERM
U.S. Dollar / Japanese Yen
Long
USD/JPY STRONG CORRECTION, MEDIUM TERM
By JaysMart
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Sep 22, 2016
4
Sep 22, 2016
Pair's remain within the descending channel, I believe in the possibilities of resuming further downwards.
But observed a quite strong upward correction, likely to grow up to 102.65 and could extend to 104 (medium term range)
Worst scenario, if the assumption is correct then stop order will be placed accordingly shall the pair's trading up until 104 -105.
USDJPY
corrective
LONG
setup
up
USDJPY
JaysMart
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