Swing Analysis USDJPY 10/10/2018

This article originally appeared on Bitcoin Trading Broker

For the swingers among us, it seems that the momentum for USDJPY changed to bearish.

After a long rally, the price now succeed to create lower low and lower high which indicates On bearish momentum, therefore I’ll prefer to look for sell position, the supply above is a Great one for sell position, if the price will reach that supply I’ll sell there, my first target is The support below and the final target is the demand at the bottom.

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