OliverR.Evans

USDJPY - Potential Long for the Dollar (Daily chart)

FX:USDJPY   U.S. Dollar / Japanese Yen
59 views
2
59 0
The candle prior to the most recent has bounced from the significant psychological support zone of 100.000 and the two most recent candles look like the setup up for a Harami.

On top of this Relative Strength (Purple) indicator has changed direction and is heading back in the direction of buyers, yen is also showing over extended strength (see pair strength) compared to Dollar and the other major currencies,which look the polar opposite with overextended weakness.

I am waiting for confirmation from the daily candle and will reassess on monday, i dont currently hold a position.

goodluck!

Oliver R Evans

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out