Is USD ready to bounce back against JPY?
We saw USDJPY slight reversal on last month's closure. On the H4 timeframe, we had seen the market trade lower in a falling channel, which is usually a reversal pattern once breached. We had seen a series of LLs and LHs then the market made a low around 127.30 before leaving a new HL, signaling a potential reversal.
Market then breached and closed outside the channel at the end of last week and also closed above 130.50 resistance.
Could we see a pullback back into 130.50, whilst also retesting the broken channel, then see a continuation to 134.50
Market then breached and closed outside the channel at the end of last week and also closed above 130.50 resistance.
Could we see a pullback back into 130.50, whilst also retesting the broken channel, then see a continuation to 134.50
Trade chiuso: obiettivo raggiunto
USDJPY rallied as expected and target was reached
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.