No clear direction for USDJPY yet as of now I would say. A key momentum candle here would be needed to give us a clearer direction of where price is headed.
Rejected 200 EMA and bounced off trendline 3 times as seen. This provided a good reason for buyers to come in at 109-109.20 level, and since then price has went up to as high as 109.75 which then got rejected by the other trendline. Might not see much action on Monday as it is holiday in US. Patience is key here.
Rejected 200 EMA and bounced off trendline 3 times as seen. This provided a good reason for buyers to come in at 109-109.20 level, and since then price has went up to as high as 109.75 which then got rejected by the other trendline. Might not see much action on Monday as it is holiday in US. Patience is key here.
Comment:
An inverse H&S could still play out if it breaks neckline. If so, 110.30-110.50 would be the target
Comment:
Price is still ranging, trade the true momentum breakout as always
Comment:
Seems like downside is the way to go! Both 50EMA and 200EMA starting to point downwards. Will we break and close below 108.50? Soon see
Comment:
That was aggressive!