Gqman

USDJPY Breakout to the downside thoughts

FX:USDJPY   U.S. Dollar/Japanese Yen
Looking at the USDJPY             the trend is down and we are coming very close in getting a breakout to the downside. Technically speaking we are very strong in a down trend. Yet fundamentally, most would say that this $100 is hard support as it's a whole number and the jpy is very weak as a currency. Personally, I'm more of a technical trader and feel that the fundamentals will come 'after the fact'. So we really need to see a lot more reversal here around $100-$107 before the Trend will reverse
snapshot
I love Tradingview and enjoy sharing my swing trading ideas. I currently run APA Zones which is a trading company that promotes support and resistance zones - supply and demand zones - trading and trendfollowing techniques. https://apazones.com
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out