Will the Fall of USD Bring Hope to the Crypto Markets?
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
USD/JPY: how to trade the pair?
2019-11-11 • Updated
Recommendation:
SELL 111.8
SL 112.35
TP1 110.8 TP2 110.3 TP3 107.85
On the daily chart of USD/JPY, bears have been testing the bottom line of the upward channel. If the pair breaks the support at 111.6, risks of the implementation of the “Shark” pattern with the 88.6% target will increase.
On H1, there is a correction of the “Head and shoulders” pattern. A break of the neckline will increase chances that the AB=CD pattern will be implemented and the pair will reach its 200% target at 110.3.
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