JLJ002500
Short

USDJPY Reversal? Yes, but not quite yet

FX:USDJPY   U.S. Dollar / Japanese Yen
NO ACTIVE TRADE AT THIS TIME

Observations
1W:
snapshot

1W Observations: Volume building. Some consolidation patterns. RSI just beginning to show some bullish divergence . Strong bounced off strong support.

1D:
snapshot


1D Observations: RSI bullish divergence forming. Still in down trend. Hitting resistance.


ANALYSIS:
I believe USDJPY             will retest 105.65 support and could potentially break lower. Looking at 1W chart, there is an idea reversal zone below this support. A close above 111.93 would make my hypothesis invalid. Right now, the trend is down. There is not enough evidence supporting USDJPY             is now in a reversal.

No active positions or orders at this time. I am considering my options.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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