FX.co ★ USD/CAD analysis for December 26, 2018

Recently, the USD/JPY pair has been trading sideways at the price of 110.46. According to the H1 time frame, I have found that there is a strong downward trend and sellers are in control. In addition, I have found a breakout of the support trendline, which is another sign of weakness. Watch for selling opportunities. The downward targets are set at the price of 110.15 and 109.15.