Technical Signal / Analysis on USD/JPY.
JustForex - What's now?
Note that the $5 per lot Cash Back promotion is now available only for "Standard" and "Standard Cent" types since the update of account types made by JustForex on March 24th.
This article is originally referred from JustForex News.
Since the beginning of this week, the USD/JPY currency pair has been traded in a flat. Shortly, the bearish sentiment may prevail in the trading instrument.
Near the local offer zone of 112.250-112.400, a classic pattern of the Price Action, Bearish Engulfing, has been formed (H1 timeframe), which is currently signaling a downward trend. The USD/JPY quotes are testing the round level of 112.000.
If the price fixes below the level of 112.000, you need to look for entry points to the market to open short positions.
The immediate goal for profit taking is the support level of 111.650.
The movement is tending to 111.500-111.250.
When tracking a position, we recommend using a trailing stop!
At the moment you can get also up to 100% deposit bonus, learn more at the page.
And with Hercules Finance, you can get 5 USD per 1 lot Cash Back for the unlimited time period!
Use both of the above Bonuses along with Leverage 1:3000 to maximize your profit today.
Original Source: JustForex News