ProFX_Strategist

Breaking Through - Will It Succeed?

FX:USDJPY   U.S. Dollar/Japanese Yen
26 0 6
"Now price is at a vital point; will it pullback?"

Dear traders, there are bullish signs for this pair...

The RSI is nicely above it's neutrality level of 50 (& not at overbought zone); as such, we can keep our focus higher... Additionally, the MACD/AO is bullish ...

The bright-green MA is well above the bright-red MA now (up-trending price signal)... But it would be wise to anticipate a possible pullback because the bright-green MA could inch closer back to the bright-red MA below...

Caution: The price is currently pushing through cloud-resistances (but if the price should break above the dark-red MA, then the price has technically broken free & will be ready to climb even higher)...

The magenta color line is a traditional strong support...

Best regards.
Aiming to be a "marksman" in scalping & "speculation". As retail traders, we are just "speculating" these markets-volatility in our retail-trading-platforms (E.g. we do not physically owned 100-Lots of Gold nor is storing a thousand-barrels of crude oil)
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