Outlookb head DOWN

MACDdirection

Momentumdirection

Weighted M.A.direction

Mon, 10 Dec 2018 08:43:19 +0200
30 Minutes
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USD/JPY

 

ENTRY 112.233 TARGETS 112.047 111.954 111.768 111.536 STOP LOSS 112.698

 

Scenario 1

The currency pair is currently trading between 112.233 and 112.698.  A sell signal will be in place when USDJPY drops below the 112.233, with immediate target at 112.047. A protective stop loss at 112.698 is highly recommended.

Scenario 2

Should the pair manage to exceed the resistance level at 112.698, it will eliminate the downtrend scenario, generating a buy signal.