USD-JPY weekly technical analysis


The Japanese dollar is inside the descending channel on the H4 frame - the pair is in a general downtrend, breaking a cross area and closing and trading below it, indicating a high probability of a price drop to the next area at 102.60. Traders are advised to enter only selling characteristics on the pair as long as the prices are below the crossover zone and the best entry areas are from testing levels of 105.15 - 105.75 while maintaining the appropriate stop loss. Watch the analysis on the Telegram channel from here