USD/JPY potential bearish movement to 122.000

Market news

2 October 2017

USD/JPY potential bearish movement to 122.000

On 30 mins time frame chart we can see that price has broken our major trend line and already retested that trend line.

There is a possible potential bearish movement to 112.00 which is our previous major resistance.

Stops above the trend line would be fine to protect a possible entry on market and take profit close to our previous resistance.

European stocks closed: FTSE 100 +66.08 7438.84 +0.90% DAX +73.79 12902.65 +0.58% CAC 40 +20.63 5350.44 +0.39%

Federal funds futures imply traders see 78 pct chance Fed raising rates at December 12-13 meeting - CME Fedwatch

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