Forex Technical Analysis USDJPY | Our expectations:
Long trend and medium-term short correction, the price has reached a key support levels. The current levels give a good opportunity for an aggressive entry with a close stop and a good risk/reward ratio
Price is testing 200SMA.
DeMarker has turned below 0.7 giving a decrease signal.
Alternative Scenario: When a 200SMA breakthrough is verified, it is possible to go for testing the top channel border.
Trader Georgi Bozhidarov