Original Analysis USDJPY
We open a Sell at 128.54
Broken out of the triangle formation to the downside
Negative overnight flows lead to an expectation of a weaker open this morning
Bespoke resistance is located at 128.54
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 128.54, resulting in improved risk/reward
Expect trading to remain mixed and volatile
Support Levels
127.73
Resistance Levels
128.69
This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
We open a Sell at 128.54
Broken out of the triangle formation to the downside
Negative overnight flows lead to an expectation of a weaker open this morning
Bespoke resistance is located at 128.54
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 128.54, resulting in improved risk/reward
Expect trading to remain mixed and volatile
Support Levels
127.73
Resistance Levels
128.69
This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
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