chartwatchers
Short

USDJPY - Wash Rinse Repeat

FX:USDJPY   U.S. Dollar / Japanese Yen
UJ had arrived to the same resistance (114) what stopped its rally in the last 2 years.
It took nearly 6 months this time to rally from the prior bottom to 114.

Today we have a swing on the daily chart ( a drop below yesterday's daily low)


RSI leaving oversold , MACD is nearing to levels where it turned down : it's time to tag 108 again in the following weeks.

Comment:
Comment: Right now the daily chart looks like a Key reversal.
Comment: Even if we Get a pull back to the opening price the daily chart will be hanging man Which is also a reversal pattern. So I think this big red candle is the last nail in UJ’s coffin.
is it time to jump into miners?
Reply
UJ has topped huh hahah
Reply
you mean RSI leaving overbought i think.
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