USD/JPY Slight Correction After Uptrend
USD/JPY is trending around 155, after a slight decline from the peak near 155.5. On the H4 chart, the price is testing the EMA 34, while the EMA 89 provides strong support at 154.0.
The nearest resistance is at 155.5, if broken, the price may continue to increase to the 156 area. On the contrary, if strong selling pressure causes the price to break the EMA 34, the target will be the 154.0 - 153.8 area.
Personal opinion: Currently, USD/JPY is in a state of hesitation, due to the lack of new momentum in the market. I expect the price to accumulate around this area before a clear breakout. Traders should monitor US economic data or any developments in bond yields to determine the next trend.
The nearest resistance is at 155.5, if broken, the price may continue to increase to the 156 area. On the contrary, if strong selling pressure causes the price to break the EMA 34, the target will be the 154.0 - 153.8 area.
Personal opinion: Currently, USD/JPY is in a state of hesitation, due to the lack of new momentum in the market. I expect the price to accumulate around this area before a clear breakout. Traders should monitor US economic data or any developments in bond yields to determine the next trend.
Join my team to get free signal XAUUSD trades with up to 85% winning rate!
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+2RkvhgfeFlkzZDZl
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+2RkvhgfeFlkzZDZl
Pubblicazioni correlate
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.