On UT 4 hours, JXY is under a falling wedge pattern (The Falling Wedge is a bullish pattern)
The RSI has a today value around 27 and, in addition, the JXY is close to its support at 88.3
From the upper elements, we can remain aware about and wait for any bullish signal.
If this signal appears, a short on
USDJPY
or
EURJPY
could be very interesting
From fundamental view, if the
DXY
will become weaker in the next month, it will be not surprising if the
JXY
would be very much sought.
Stop: 87
TP: 90 (TP1)
The RSI has a today value around 27 and, in addition, the JXY is close to its support at 88.3
From the upper elements, we can remain aware about and wait for any bullish signal.
If this signal appears, a short on
USDJPY
or
EURJPY
could be very interesting From fundamental view, if the
DXY
will become weaker in the next month, it will be not surprising if the
JXY
would be very much sought. Stop: 87
TP: 90 (TP1)