FX.co ★ TST as the Foundation for Medium-term Trading
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TST as the Foundation for Medium-term Trading
Well, here we go, usd/jpy is making another attempt to start moving down. Yesterday we got another day with a level without a mandatory zone and with the daily open at the lower boundary of the channel. And this pattern did play out, although in fact it started to work the day before yesterday, and as a result we have an attempt to start a decline with a breakout of the lower boundary of the channel and yesterday’s KTL. Today the mandatory zone is placed on the chart at the point where yesterday the price broke through the KTL level, which gives another reason to move up to 161.80. For now I’m thinking along these lines and expecting the decline to continue further.