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USD/JPY TO GO DOWN MORE


MONTHLY ANALYSIS
 
From the past several months we saw USDJPY has been trading in distribution pattern between the range of 125$ to 116$. Earlier month we saw pair has broken its long term trend line support of 116.50$ and currently trading below at 113.83$.

As per the long term monthly chart formation pair was trying to sustain above its previous tops. In month of February it failed to sustain monthly positive close above its support level and we saw huge sell off from 120$ to downside at 111$.

We at Team NTD dont expect to pair to trade above its earlier support level (i.e.116.50$) and seeing downside 108$-102$ in upcoming period.



USDJPY Trendline BreakDown



USDJPY Monthly Chart
























More detail analysis please follow below mentioned links:
http://ntdtrading.in/research-desc.php?pageid=675



Our Previous Analysis:

CAUTION ON USD/JPY LONG...AFTER CHINA IS IT JAPAN ?????
http://ntdtrading.in/research-desc.php?pageid=619



{12 MAR,2016}

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.



























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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