SuperForex

Indicators point to a growth of pair

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
At the moment, we are watching our pair come out of the descending channel and on the daily chart formed a "young" uptrend. And now the pair has found a new level of support.
In view of political unrest, the dollar is quite unstable. However, the current trend indicates a strengthening of the reserve currency.
Most technical indicators on the day and 4-hour time-frames indicate a purchase as well. Therefore, the trade council will take long positions from the support level and monitor the formation of an upward trend.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.