Analyzing USDJPY price today, please follow my article
USDJPY surged after falling below the 200-day SMA but encountered strong resistance at the 200-day EMA and recovered some of last week's decline. The Relative Strength Index has recovered from the 30 level, but it is trending sideways and the MACD is rising after falling below the trigger line.
If the upward pressure continues, the price could revisit the previous starting point at 146.60. A break above this area is the starting point for USDJPY's second sell-off and a tightening of the 100-day SMA.
If the bears reappear and the bears attempt to pull back the price, the initial downtrend could stall at the short-term support zone at 141.86 and then at the short-term bottom at 140.90 .
Overall, USDJPY remains in negative medium-term mode after the sharp pullback from 151.91, but it seems to have received enough support. However, with the MACD strengthening in the negative zone, a bullish breakout is more likely. Recommended to buy at a discount.
If the upward pressure continues, the price could revisit the previous starting point at 146.60. A break above this area is the starting point for USDJPY's second sell-off and a tightening of the 100-day SMA.
If the bears reappear and the bears attempt to pull back the price, the initial downtrend could stall at the short-term support zone at 141.86 and then at the short-term bottom at 140.90 .
Overall, USDJPY remains in negative medium-term mode after the sharp pullback from 151.91, but it seems to have received enough support. However, with the MACD strengthening in the negative zone, a bullish breakout is more likely. Recommended to buy at a discount.
Comment:
💵XAUUSD SELL NOW 2088-2090💵
✔️TP1 2084
✔️TP2 2080
❌SL 2096
✔️TP1 2084
✔️TP2 2080
❌SL 2096
Comment:
💵XAUUSD SELL NOW 2088-2090💵
✔️TP1 2084
✔️TP2 2080
❌SL 2096
Close all +70pips✔️✔️✔️
✔️TP1 2084
✔️TP2 2080
❌SL 2096
Close all +70pips✔️✔️✔️
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Related Ideas
TP: 147,29
SL: 140.50