USDJPY choppy movements

forex_member Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
USDJPY, like USDX and other correlating pairs, forms a base for a rally or further decline. If the USD goes up, I think it could happen quickly. The overall market willingness to buy back the price seems quite optimistic, but the downward trendline is very strong. Until the trendline is broken, the uptrend is not worth thinking about.
The first touch to the 2h sell zone gave a 50pip drop in 9min. Nice


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.