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cryptownian
Apr 19, 2022 3:19 PM

Usdjpy sell or buy  

USD/JPYOANDA

Description

The following indicators and TA conditions looks as if we could see a drop in usdjpy

The move down could just be a relief for the overbought conditions indicted by the Rsi and the Bollinger bands on the Daily time frame.

We also see a weekly level being tested as confirmation for a pullback but the market is currently above indicating a possible continuation.

THE RSI also indication that usdjpy is capped above 70 also a sign that we could see more up swing.

THE ichimoku on the daily also indicate a strong bullish trend
The Adx on the 4h time frame also indicate some strong bullish moment
With a strong bullish crossing on the D+and - the signal light is sitting high above 30 also a good indication of strong bull power.

Suggestion is to hold of and see if market will show signs of a turn to bearish
At the moment conditions are strong for bulls.

So if you considering entering a trade wait till tomorrow for a indication of a turn.
Or if you want to go long wait for current bull candle to close long
As a new refresh point for a entery.


Comments
initialjie
impossible, buy now 130 c
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