USD/JPY has refused to fall below the Weekly 9EMA since July 28th. However, we are inching closer to the previous high resistance of 152.000, so we should be cautious longing in the coming weeks. JPYX is also hovering around a support area in a descending wedge and has the potential to pullback to the upside, dragging USD/JPY down or at least, holding it...
Good afternoon,
I hope everybody had an amazing week and trading week and grew one percent in all areas. The market was very bearish for the first couple of days and then began its retracement going bullish around early Wednesday morning. Price fell from 133.600 to 130.600 before beginning the retracement to the upside.This week i'm predicting that UJ is still in...
For pair like USDJPY we might keep wondering when the rally would end. Somehow at current level we are not very far from the top. The possible top in my guess would be somewhere the upper trend line chanel of 8h chart. It would be around 138 area. Then it will have good chance to test the lower trend line chanel and even break below it.
Trade well and wisely
