USD/JPY Technical analysis
The daily chart of USD/JPY is currently in a downtrend.
The pair witnessed a strong buying action from the values of 105.
Now the pair is currently hovering around its 200 day moving average.
Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers.
We expect the buying pressure to further intensify once it crosses the trendline.
On the contrary there might be a correction for now and the bull rally can start after a small correction.
Also the ADX indicator is currently making a bullish crossover.
Taking all these into considerations, we expect the counter to be bullish.
Long once it crosses the trendline.
The pair witnessed a strong buying action from the values of 105.
Now the pair is currently hovering around its 200 day moving average.
Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers.
We expect the buying pressure to further intensify once it crosses the trendline.
On the contrary there might be a correction for now and the bull rally can start after a small correction.
Also the ADX indicator is currently making a bullish crossover.
Taking all these into considerations, we expect the counter to be bullish.
Long once it crosses the trendline.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。