QuileHills
Long

USDJPY Multi-Timeframe Approaching Oversold, Nearing Fib Support

FX:USDJPY   U.S. Dollar / Japanese Yen
294 3 8
Watch for acceptance of the fib support for USDJPY             .

This approach to the fib support is coinciding nicely with RSI on both 1H and 4H indicating the pair is oversold. The result may be a quick burst up to the descending trend resistance shown on the chart.
Whats your take on USDJPY. Currently looks like its paused its last 2 day movement. A drop could take it to 105.30 as per weekly chart. Your inputs are greatly appreciated.
Reply
We wait for the moment USDJPY at 111-110. if there is no intervention from the BOJ here, if this level is penetrated, then UJ will continue to fall.
+1 Reply
I'm inclined to agree. Can't say where it might find support again if it sustains a break of the 111-110 area.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out