USDJPY wekly forecast (technical side) 2018-06-w1

4 June 2018, 13:24
oleksandr bilokon


(Bear side). For sales positions, with the condition of reversal (S1W1 / up D1 broken), targets may be down (down H4 brokn / up H4) with the breakdown option up to (S1W1 / up W1 / S2W1). (down H4).

(Side of bulls). For congested purchasing positions, if the breakdown is higher than (R1W1 / 2-key levels), the goals may be equal (R2 / R3 / down W1). In order to reduce the risk, it's best to plan new positions on the condition of a reverse formation (down H4 brokn / up H4 / S1 / up W1).

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