USD/JPY Full Bearish Continuation Below 111.63

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Hi traders,

The USD/JPY has formed a possible bearish continuation pattern if it closes below the W L3 support at 111.63. However, a correction is still possible.

A bounce from the W L3 is not a surprise as camarilla pivots are deadly accurate in predicting u-turns and bounces. If the price breaks above the ascending trend line and W H1 at 112.40 we might see 112.79. A close below 111.63 is needed for a continuation.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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