A definite downward trend.
the market is suffering right now and that's why investors are looking for a safe value (jpy).
The usdjpy will look for a bottom in the upcoming support which is at 104.60.
Hi guys its Brian here with an analysis of USDJPY.
USDJPY has been getting hit hard recently so trying to go long can be pretty risky but I do see a potential price area that acts as support. This might be like trying to catch a falling knife so do it with caution and watch for reversal confirmations before entering to play it safe.
I have identified a support...
Since we are finishing a month we will review the monthly graph.
It is important how the monthly candle will close, I will not list every possible scenario, but if the candle closes green and closes above the red candle, this is definitely a bullish sign.
You can see significant support at 105.3 and resistance at 114.9, as we are relatively close to the priority...
The weekly trend is still negative
The usdjpy is still below the 200 moving average line and below the Ichimoku cloud.
A positive light end is last week's candle closed in the form of a star which can mark the end of the decline and change the trend to a positive trend.
Careful investors are not yet advised to buy but yes to start tracking.
Resistance at 108.35
Hello to all watching my charts
If we have a closer look to USDJPY in my eyes its still a short position.
If you have a very shorttime view you could find a small longchannel
from yesterday evening and the new low
107.20 to the close of today at
but it seems to me that this shorttime long is very limitied
until the pair will not...