USDJPY analysis 17.03.2020

The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A start fractal was formed below the 135 moving average. Breaking through the start fractal will result in the formation of a 1-2-3 descending pattern within the overall downtrend.

Trading recommendations:

Sell below 105.15.

Stop loss: 107.20.

Target levels: 103.50; 102.00.