USD/JPY depreciated to 111.26 and rebounded from that level. I think it's possible it will rally back to 112.00.
After a brief correction to 111.87 the pair is depreciating again. I think it will fall down to 110.84, which is the local low.
Neutral at this time, but i think main trend would run in the coming week too.
There would be possible correction movement because of oversold conditions, but selling interest remains, I'm looking at 110.00 level.
Once breaking the 110.50 level, the USD/JPY will acceretate its decline towards 110.00 handle.
I think that it may even drop to 109.65.
can some one help me work out why the trailing stop loss on my metatrader 4 is not working
i have tried reinstalling the platform but all in vain
The pair is range-bound above 110.50 but the overall trend is bearish and I think the depreciation will continue.
As I thought it would, the pair rallied and even broke out above 111.20 to reach 111.47. It is now range-bound below that level, so the correction may continue.