On 30-min chat, the currency pair could not cross the resistance (blue line) and broke the support (red line), targeting down to 148.6
In case the movement is reversing , crossing the resistance will target 150.54
I don’t really trade Forex, unless something catches my attention.
USDJPN has been climbing for a while now. On weekly chart it is overbought and even the strongest move need to take a brake once in a while,
Either if you look on EMAs or Fibonacci levels, correction can reach area 139-141.2.
It doesn’t mean it will but according to my analisys, most of the...
After an impressive 8.3% rally, the Nikkei 225 is hitting the daily long-term downtrend line.Watch price action here. Be ready to short JPN 225 and USDJPY.
I have not opened any positions yet.
