After a strong spike, we are currently in trading range. I expect defeat from below and the continuation of the second downward step.
USD/JPY - Looking For a continuation trade
Good morning everyone. It´s been a while, sorry for that, but privately I am involved 24/7 thxn to the challenges that Covid-19 had for all of us. Anyways, I feel it´s worth to make an Update on the weekl now, since we have reached not only a key-level, we also slid into a typical stall. At the moment there is still room to the upper trendline, but 10k again...
With the latest move higher in price, but with falling internal momentum, the price should stall at fib resistance or 31 cents Fibo
This analysis is meant for my own educational purposes and for making discussion around the current situation. I am by no means a professional trader, and I advice against making trades based on this analysis. Bitcoin made a pretty strong bounce off from 6000 USD with an all time high volume on the daily chart to back it up. There seems to be a strong bullish...