USDJPY TECHNICAL ANALYSIS ON H1 TIMEFRAME
Publish Date : 2019/08/30 - 06:16

USDJPY TECHNICAL ANALYSIS ON H1 TIMEFRAME:


The price has been stucked in a descending wedge since 6th August.

Additionally,the price has just recently exited overbought area in RSI indicator.

Since the price is below pivot resistence at 107.00.Thus,further slide down to 105.6 which is a near-term support is anticipted.

If the prices break below the afforsaid support level,further fall down to 104.65 is due.

Source:forex.com

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