Dolar A.S. / Yen JepunPanjang
USD/JPY Technical analysis
The daily chart of USD/JPY is currently in a downtrend.
The pair witnessed a strong buying action from the values of 105.
Now the pair is currently hovering around its 200 day moving average.
Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers.
We expect the buying pressure to further intensify once it crosses the trendline.
On the contrary there might be a correction for now and the bull rally can start after a small correction.
Also the ADX indicator is currently making a bullish crossover.
Taking all these into considerations, we expect the counter to be bullish.
Long once it crosses the trendline.
The pair witnessed a strong buying action from the values of 105.
Now the pair is currently hovering around its 200 day moving average.
Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers.
We expect the buying pressure to further intensify once it crosses the trendline.
On the contrary there might be a correction for now and the bull rally can start after a small correction.
Also the ADX indicator is currently making a bullish crossover.
Taking all these into considerations, we expect the counter to be bullish.
Long once it crosses the trendline.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.