Get started
U.S. Dollar / Japanese Yen

$USDJPY downside wide open

22
USDJPY is heavily pressured by correlation with SPX and has slipped below an important resistances while it seems that the downside is wide open. We could see a bit of consolidation between 104.5 and 106 but a confirmed break below 104 would trigger a huge downside extension. A break above 106.300 is required for an upside reversal and a downside invalidation
ewaction
Also on:
Candlestick AnalysisSupport and ResistanceTrend Lines

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.
Candlestick AnalysisSupport and ResistanceTrend Lines
ewaction
Also on:

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.