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HomeContributorsTechnical AnalysisUSDJPY Rebound From The Bottom Of The Descending Channel

USDJPY Rebound From The Bottom Of The Descending Channel

ThinkMarkets
By ThinkMarkets

As we can see from the chart below the USDJPY is rebounding from the bottom of the channel with a buying signal.

Targeting 109 is the most possible scenario if the market is trading above 105.50

ThinkMarkets
ThinkMarketshttps://www.thinkmarkets.com/
ThinkMarkets® is a leading broker offering Spread Betting and CFDs on Forex, Indices, Metals and Commodities. With headquarters in London, Melbourne and China, ThinkMarkets® core service includes competitive spreads, free access to charting tools, an award-winning in-house built platform (ThinkTrader™) and multi-lingual customer support 24/6. Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks and take care to manage your exposure.

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