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25.05.201802:09 Forex Analysis & Reviews: Technical analysis and trading recommendations for the USD/JPY currency pair as of May 24, 2018

Long-term review

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The USD/JPY pair has been showing a good downward interest since the beginning of the week after reaching the resistance near the level of 111.50. This downward movement was quite expected, the "bulls" felt overbought, and the current value was excellent for changing interests. Now, we see how the quotation already reached 109.30 and looms behind the pulse candles. It is possible to assume that growing short positions can be seen after a slight rollback to 110.00, but it is better to enter the transactions in two variations: first is to wait for a rollback to 110.00, and should analyze the boundaries in case of a slowdown which we already make orders. The second option is to "sit on the fence" and track the fixation below the current local low of 109.30.

Attention: Predictions are not a direct guide to action!

* The presented market analysis is informative and does not constitute a guide to the transaction.

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