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.

Related Ideas

Fatary
8 months ago
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
QuileHills Fatary
8 months ago
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
forexmech
7 months ago
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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out