The USD/JPY chart showing lower lows and lower highs, as well as higher highs and higher lows, can indicate that the currency pair is experiencing a period of consolidation or uncertainty.
Lower lows and lower highs generally suggest a downtrend or bearish sentiment, as each subsequent low and high is lower than the previous one. This may be due to a variety of factors such as a weakening US dollar or a strengthening Japanese yen.
On the other hand, higher highs and higher lows typically indicate an uptrend or bullish sentiment, as each subsequent high and low is higher than the previous one. This could be due to factors such as a stronger US economy or increased demand for US dollars.
When a currency pair exhibits both lower lows and lower highs and higher highs and higher lows, it can suggest that the market is indecisive or uncertain about its direction. This could be due to a number of reasons, such as conflicting economic data or geopolitical events that are causing market volatility.
Lower lows and lower highs generally suggest a downtrend or bearish sentiment, as each subsequent low and high is lower than the previous one. This may be due to a variety of factors such as a weakening US dollar or a strengthening Japanese yen.
On the other hand, higher highs and higher lows typically indicate an uptrend or bullish sentiment, as each subsequent high and low is higher than the previous one. This could be due to factors such as a stronger US economy or increased demand for US dollars.
When a currency pair exhibits both lower lows and lower highs and higher highs and higher lows, it can suggest that the market is indecisive or uncertain about its direction. This could be due to a number of reasons, such as conflicting economic data or geopolitical events that are causing market volatility.
Trade closed: target reached:
TP1: HIT
Trade closed: target reached:
Both Tp's HIT
