USDJPY - Top of Range, Break Below Rising Channel
The dollar has halted its rally since it got resisted again at 95.6 and closed yesterday just above 95.
It does seem that the dollar might be tamed before the release of NFP.
Pairs such as USDJPY is seen overbought and is thus prone to selling and take profit for buyers.
The pair has broken below the bottom of its rising channel since resisted and falling from 111.8.
The MAs has crossover and turned bearish for the short-term trend too.
It does seem that the dollar might be tamed before the release of NFP.
Pairs such as USDJPY is seen overbought and is thus prone to selling and take profit for buyers.
The pair has broken below the bottom of its rising channel since resisted and falling from 111.8.
The MAs has crossover and turned bearish for the short-term trend too.
Trade closed: target reached:
Fabulous!