Dolar A.S. / Yen JepunPanjang
USDJPY Two support levels to watch.
USDJPY is on a 5 day decline following the most recent top at 110.300.
Levels to watch:
- The long term pattern is a channel up that started mid September/ early October.
- That pattern has two support levels: the first one is the yellow line with 4 bounces (if we count the current one as a bounce) and the second is the higher low trend line of the pattern itself with 2 bounces.
- The RSI is approaching its 6 month support level.
Projection:
- The price bounces most likely on the first support level (since the second one also has high probabilities it might be a good idea for buyer to split their long positions) and begins a new bullish leg towards a higher high near the 110.650 resistance.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
Levels to watch:
- The long term pattern is a channel up that started mid September/ early October.
- That pattern has two support levels: the first one is the yellow line with 4 bounces (if we count the current one as a bounce) and the second is the higher low trend line of the pattern itself with 2 bounces.
- The RSI is approaching its 6 month support level.
Projection:
- The price bounces most likely on the first support level (since the second one also has high probabilities it might be a good idea for buyer to split their long positions) and begins a new bullish leg towards a higher high near the 110.650 resistance.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
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.