USDJPY’s U-turn from an eight-month high has significance for the sellers as it reverses from a convergence of the rising wedge bearish chart pattern’s top-line and a 10-month-old horizontal resistance area. Not only that, but the overbought RSI also suggests the end of a bullish reign. The same signals the Yen pair’s pullback to the 61.8% Fibonacci retracement of...
6 days continues close in green as of now we may close in red. If we sustain below the low of todays candle then we will see some more red days as we haven't seen any profit bookings in 4 h time. Expecting some Correections.
Looks like another breakout from the consolidation pattern on the hourly timeframe. The pair has the next resistance only at 145 level. That is a lot of room to rally.
FX:USDJPY
As you can see that, From past 1week USDJPY is in uptrend and now it is going to take some consolidation and pullback like SMC. Created a horizontal good support and it is good to scalp and capture some pips. take retest entries. plan your trade accordingly....
Dear Friends see the USDJPY Technical Analysis based on Elliot wave market going to retest the resistance level than go down, Use Proper Money Management and Risk Reward
Be it the triangle breakout or the Bank of Japan (BoJ) officials’ dovish signals ahead of the monetary policy announcements, not to forget the Fed’s hawkish pause, the USDJPY pair has all that’s needed to ride north. However, the overbought RSI conditions suggest a gradual run-up with intermediate pullbacks. That said, the aforementioned two-week-old symmetrical...
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