It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...
USD/JPY falling inside minor corrective wave 2
- USD/JPY falling inside minor corrective wave 2
- Next sell target - 110.00
USD/JPY has been falling in the last few trading sessions inside the minor corrective wave 2, which started earlier from the resistance zone lying between the strong resistance level 114.40 (which reversed the previous minor impulse wave 1 in May, as can be seen below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous intermediate ABC correction (2) from last December). USD/JPY is expected to fall to the next sell target at the next support level 110.00.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…