Will soon be the JPY stronger than the USD?
USDJPY 4H chart
Price is below 14 EMA, so we observe downtrend in price action. In this case by breaking the trendline below, we can see price movement towards the monthly pivot of October.
There is even a missed weekly pivot at 110.090 for second TP
But be careful. The daily chart is above the 14 EMA and needs to cross to reach the monthly pivot.
Price is below 14 EMA, so we observe downtrend in price action. In this case by breaking the trendline below, we can see price movement towards the monthly pivot of October.
There is even a missed weekly pivot at 110.090 for second TP
But be careful. The daily chart is above the 14 EMA and needs to cross to reach the monthly pivot.
Trade closed manually:
The price broke the trendline and even did a retest.
What happened was that it get back in bullish movement.
at this point, the trade is canceled and we will wait for the next opportunity.
What happened was that it get back in bullish movement.
at this point, the trade is canceled and we will wait for the next opportunity.