View RSS Feed

TechnoMeter

  1. USDJPY Technical Analysis - Bearish Engulfing Pattern Finds Confirmation

    by , 10-04-2014 at 06:50 PM
    • USD/JPY Technical Strategy: Sidelines Preferred
    • Bearish Engulfing Pattern Finds Confirmation
    • Close Below 108.00 Floor May Open 107.00

    USD/JPY is at a critical juncture as the confirmation of a Bearish Engulfing formation warns of a deeper setback for the pair. A close under the 108.00 floor would be required to open the next leg lower to the 107.00 barrier.

    Bearish Engulfing Pattern Receives Confirmation
    ...