Following the release of Japan's Q2 GDP numbers from yesterday, the yen has been on a path to recovery. Now, the price action of the USDJPY looks poised for a reversal from the upper limit of the range, and a possible dropdown to the 61.8 per cent Fibonacci retracement level at 109.522.
The reversal takes place following a failed breakout above the 23.6 per cent Fibonacci and it's substantiated by the fact that the ADX indicator has been threading below the 25-point benchmark since the 19th of August. This confirms the range-trading environment.
An immediate reversal is made even likelier by the fact that the Stochastic RSI is currently threading in its overbought extreme.
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。