Expecting USDJPY to move up as it is touching the lower side of an important trend-line on 4Hr chart as shown.
RSI looks poised to go up as well - as currently it is in oversold area..
Trade with caution as a break of this channel could mean further downside slide..
RSI looks poised to go up as well - as currently it is in oversold area..
Trade with caution as a break of this channel could mean further downside slide..
Trade closed manually:
USDJPY broke out of the range on the downside as can be seen.
Now the support could become the resistance as it might try to re-test the lower end of the trend-line..
Now the support could become the resistance as it might try to re-test the lower end of the trend-line..
Watch-out for some action...