USDJPY_e is currently rallying around 105.611. On the Daily Chart , the previous candle closed below the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active Down trend . USDJPY_e is currently in a range, not going above the previous day's highest high 106.946,or the previous day's lowest low 105.201. If the price breaks above 106.946 then we will consider a long term buy with our target at 101.455. And on the flipside, a sustained move below 106.946 will attract sellers with an ideal target around 98.9749.
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Thread: Usdjpy
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31-08-2020, 07:09 AM #1
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