16.06.2020
The medium-term trend is downward. The pair is trading in the rage of 365 and 135 moving averages directed downwardly. The ascending H1 level pattern has been formed, that can be a wave (B) of a descending H4 level pattern. Awesome Oscillator indicates a Bearish divergence, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Sell while a descending wave pattern is forming, where the wave (A) breaks the inclined channel of the ascending H1 level truncated pattern.
Stop loss is at the local maximum (107.64).
Target levels: 106.80; 106.00.
The USDJPY rate online: monitor the movement of the pair in real time.
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