Having hit a strong daily resistance once again, USDJPY has started rejecting 109.578. Development of any bearish momentum will solidify the bearish bias and further validate the Daily resistance level.
Observing how price reacts in and around this area.
Observing how price reacts in and around this area.
Yorum:
Resistance level broken. Bearish bias invalid
Yorum:
Should a rejection occur around 110.173 the price may decline as earlier anticipated. At the moment we are still in bearish territory.
Should a rejection occur around 110.173 the price may decline as earlier anticipated. At the moment we are still in bearish territory.