USD/JPY Bearish Trend Continuation

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Hi traders,

The USD/CAD is still looking bearish with a potential for further downside.

The price might reject from the POC zone towards W L3 and W L4. The rejection should happen due to a bearish trend line and camarilla pivot confluence that is fully supported by the descending trend line. Targets are 110.13 and 110.80. Bearish scenario is valid as long as 110.90 holds.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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