Overview of the situation on the Forex market on 17.12.2018

Hello. Below are a few recommendations for trading in the Forex market on 17.12.2018


On USDJPY continue to move in the triangle, and bounced off the upper boundary, formed a pattern of Rails. Probably abroad have not yet come along and continue the movement within the figure. Transactions here do not consider, as the price move between the borders is very small. Looking forward to the development of the situation.


On GBPJPY, the price reversed near the level of 143.00 and formed the pattern of Absorption. Should probably continue to wait for the price to drop and development of the down trend. Consider here sale, with the expectation of a breakdown of 141.00.

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