fxsignals4pips

Hope you guys went long on the overselling

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
The support zone holds up once again as gaps down into the zone upon market open. It is just the third hour and we are beginning to see that the selling has been overdone. This is a rather strong move with a mixture of short covers and traders entering into long positions once again. Like I said, the U.S. Dollar strength is expected to prevail.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.