USD/JPY pullback to bullish
Sentimental analysis-The market is 70% short and 30% long. But i think that the market eill br filled with buyers in the morning because other people see this pullback as well.
technical analysis- I see a support that price is about to touch, I think that it will bounce off due to higher time frames still bullish and it looks just like the average pullback. The EMA are going down but in the higher time frame they are all still going strong and when you look at higher time frames we are making higher highs and lows.
Fundamental analysis- There is some heavy news on the 9th so be careful if you guys take this trade.
technical analysis- I see a support that price is about to touch, I think that it will bounce off due to higher time frames still bullish and it looks just like the average pullback. The EMA are going down but in the higher time frame they are all still going strong and when you look at higher time frames we are making higher highs and lows.
Fundamental analysis- There is some heavy news on the 9th so be careful if you guys take this trade.
Note
Before I take this I'm waiting for confirmation of a bounce off the support.
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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.