On Wednesday during American session currency pair USDJPY exited the diapason, in which it was trading until the middle of November. Thus there is a graphic figure “flag” being formatted, that it the signal to continue the ascending trend.
Thus the ascending trend USDJPY that started at the beginning of November has to stop and the theoretical growth of the pair must be 2/3 of the size of the flagstaff.
The aim of the movement is around 85.40 and the limitation of the losses should be allocated lower than the upper border of the diapason, which means lower than the level of 82.840.
However the pair has little time to reach this level, since soon the market will be closed for new year holidays, after which the situation may change.Social button for Joomla